Auto export soars by 135% in May

BANGKOK, 19 June 2010 (NNT) – The auto export in May has grown 135% while the domestic sales have risen 53% as favored by the recovering economy, according to the latest report of the Federation of Thai Industries (FTI).

Spokesperson of the FTI’s Automotive Industries Club Surapong Paisitpatanapong reported on the situation of the auto market in May, saying that the total sales in the country stood at 62,205 cars, up by 8.89% from that of April. The year-on-year figure rose by 53.4% as a result of the growing economy in the first half of this year. People have become more confident in the industry while the government’s Strong Thailand scheme has also played a major role in stimulating the sales.

The number of new car models, including eco-cars, small and medium-sized cars, launched since the beginning of this year is another favoring factor to the lively sales.

The total value of car and automotive part exports in May is estimated at 49.78 billion THB, up from the previous month by 103.52%

Mr Surapong predicted that the number of cars to be produced from June to August this year would stand at 373,000, down from the previous quarter by 15,330 or 3.95%, but up by 139,218 or 59.53% when compared to the same period of last year.