THAILAND: Sector Outlook - Autos

August 2003
Asia Monitor: South East Asia Monitor Volume 1;Aug2003, Vol. 14 Issue 8, p4
Country Report
Country Report
This article presents a sectoral outlook for the automobile industry of Thailand, as of August 1, 2003. Thailand is one of the larger vehicle producers in Asia, acting as a base for exports by a number of key global players, who are also selling an increasing number of cars to the country's domestic market. Domestic sales increased in 2002 by over 35 percent year-over-year, far outstripping the rise in exports, ensuring total production increased by in excess of 27 percent. Although consumer confidence dipped early in the year, domestic auto sales in Q1 2003 registered over 119,000 units, which, compared to last year's annual sales growth, represents an increase of over 19 percent year-over-year. Global demand should pick up modestly later in the year, boding well for the sustainability of strong domestic consumption in Thailand.


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