Thai auto sales jump 18 per cent in March
Domestic auto sales in Thailand rose 18 per cent year-on-year in March, despite record high fuel prices, as a number of new models were introduced into the market, the industry said on Friday.
By Agencies |
BANGKOK: Domestic auto sales in Thailand rose 18 per cent year-on-year in March, despite record high fuel prices, as a number of new models were introduced into the market, the industry said on Friday.
In March, car and trucks sales topped 66,107 units up from 56,021 in March 2007 and sales for the first quarter of this year jumped 16.3 per cent from the same period last year to 160,786 units.
"Sales grew for the third consecutive month in March," Toyota Motor Thailand said in a statement.
"The response to new modified car models means momentum will likely continue into the second quarter, despite the oil price climb."
It projected that April car sales would increase further, boosted by the advance sale of 18,338 units during the Bangkok International Motor Show last month, and improved consumer confidence after a government stimulus package.
Sales of the three Japanese auto giants Toyota, Isuzu and Honda remained dominant, with their combined sales accounting for about 78 percent of the local market in March.
Toyota predicts car sales in Thailand will grow 11 per cent to 700,000 units this year, following two years of decline.
The price of New York oil hit a record high of $115.54 per barrel on Thursday.
In March, car and trucks sales topped 66,107 units up from 56,021 in March 2007 and sales for the first quarter of this year jumped 16.3 per cent from the same period last year to 160,786 units.
"Sales grew for the third consecutive month in March," Toyota Motor Thailand said in a statement.
"The response to new modified car models means momentum will likely continue into the second quarter, despite the oil price climb."
It projected that April car sales would increase further, boosted by the advance sale of 18,338 units during the Bangkok International Motor Show last month, and improved consumer confidence after a government stimulus package.
Sales of the three Japanese auto giants Toyota, Isuzu and Honda remained dominant, with their combined sales accounting for about 78 percent of the local market in March.
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Toyota predicts car sales in Thailand will grow 11 per cent to 700,000 units this year, following two years of decline.
The price of New York oil hit a record high of $115.54 per barrel on Thursday.
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