Thailand's Auto Production Plunges 20% in August 2023
Thailand's automotive production experienced a substantial decline in August 2023, with a total of 119,680 units produced—a 20.56% decrease compared to the same month in 2022. Both domestic and export production were hit hard, contributing to the overall downturn.
September 24, 2024 - Mr. Surapong Paisitpatanapong, Vice-Chairman and the spokesman for the Automotive Industry Group, the Federation of Thai Industries (FTI), in the press conference, revealed the total production for all vehicles in August 2024.
Total car production
A total of 119,680 vehicles were produced in August 2024, a decrease of 20.56% compared to August 2023. This decline was attributed to a 40.49% drop in domestic sales and a 6.62% decrease in exports. Additionally, production fell by 4.12% compared to July 2024.
From January to August 2024, the total vehicle production amounted to 1,005,749 units, a decrease of 17.69% compared to the same period in 2023.
Total production of 119,680 vehicles in August 2024, composed of:
- Passenger cars: 46,765 units, 8.84% decrease (YoY)
- Internal Combustion Engine (ICE): 31,909 units, down 15.26%
- Battery Electric Vehicle (BEV): 352 units, an increase of 17,500%
- Plug-in Hybrid Electric Vehicle (PHEV): 452 units, showing a 30.57% decrease
- Hybrid Electric Vehicle (HEV): 14,052 units, marking a 8.18% increase (YoY)
- Buses under 10 tons and over 10 tons were not produced in August 2024. From January to August 2024, a total of 10 units were produced, a decrease of 89.36% compared to last year.
- Trucks: 72,915 units, down 26.60% (YoY)
- 1 Ton Pickup trucks: 71,973 units, down 24.67% (YoY)
- Pickup trucks less than 5 tons – over 10 tons: 942 units, declined 75.26% (YoY)
Car production for export
In August 2024, the car production for export totaled 82,788 units, representing 69.17% of the total production, a decrease of 6.62% (YoY)
- Passenger cars produced for export totaled 23,923 units, an increase of 13.59% (YoY)
- One-ton pickup truck for export at 58,865 units, down 12.92% (YoY)
Car production for domestic use
In August 2024, there were 36,892 units produced for domestic use, representing 30.83% of the whole production, as well as a decrease of 40.49% (YoY)
- The production of passenger cars for domestic sales was 22,842 units, a decrease of 24.46% (YoY)
- One-ton pickup truck at 13,108 units, 53.08% decrease (YoY)
