Thai car production increased 2% in January, for the first time in 20 months

In January this year, Thailand’s car production in after 20 months of falling for the first time.

According to Thai industrial association, according to data from the FTI Thai car production in January rose 2% to 166260 vehicles, in the same period last year to 162652 vehicles. Thanks to Vietnam and other neighboring countries export oriented, driven by rising Thai new car exports rose 14% year-on-year in January to 106278 vehicles.

But due to turbulence Thailand’s economic environment, the country’s domestic market is still weak, the country’s new car sales in January fell 13% to 59982 vehicles.

In May 2013, with the first shopping incentive plan for the promotion of market influence gradually receding, Thai auto sales ended 17 months continuous growth into decline, then never return to growth.

According to the FTI, expects Thailand in February to April new car production rose 5% from a year earlier to 503621 vehicles, but still difficult output recovered to 2013 levels.