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Thailand’s Car Production Projection Down by 200,000 Units

Mr Surapong Paisitpattanapong, vice president of the automotive industry, disclosed Wednesday that production projection for this year would be about 10.45 percent lower than last year or 257,000 units less.

Mr Surapong Paisitpattanapong, vice president of the automotive industry, disclosed Wednesday that production projection for this year would be about 10.45 percent lower than last year or 257,000 units less.

RAYONG – The automotive industry of the Federation of Thai Industries has revised down the automobile production projection for this year by200,000 units to 2.2 million units due to drop in sale during the first half of the year.

Mr Surapong Paisitpattanapong, vice president of the automotive industry, disclosed Wednesday that production projection for this year would be about 10.45 percent lower than last year or 257,000 units less.

Production for local consumption will be scaled down from 1.2 million units to one million which accounts for 45.45 percent of the entire production or 25.14 percent down from last year’s total production of 1.33 million units, he said, adding that the scaleback in production projection was due mainly to below-target sale during the first six months of the year.

Only 441,000 units were sold against the sale target of 500,000 units.

Regarding production for export, production target remains unchanged at 1.2 million units which account for 54.54 percent of overall production or 7.7 percent increase from last year’s production of 1.12 million units for export.

Production for June numbered 160,000 units, an increase of 8.41 percent from May but 26.1 percent lower than the same month last year largely due to the end of the first car project.

As far as car sale is concerned, 73,800 units were sold in June, down by 30.4 percent compared to the same month last year.  Overall car sale for the first six months stood at 441,000 units, down by 40.5 percent from the same period last year.

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Posted by on Jul 24 2014. Filed under Automotive. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.
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