Photo: Honda
Thailand is becoming a major player on the Asian automotive market, and their production increase of 410% in October, when 252,165 cars were manufactured in the country, over last year’s numbers tell part of the story. However, it`s not entirely accurate, without the proper background.
Last year, Thailand was hit by devastating floods, which caused everything industrial to grind to a halt, or suffer as a direct result, as supply lines were disrupted and work could not be carried out as usual. Sales were also up by a considerable margin, with an increase of 233%, compared to the same period of 2011.
Their January to October production figure paints a more accurate picture of growth, with an increase of 48.03% over 2011, reaching a total of 1,975,783 vehicles, of which 840,149 were exported. Domestic sales also rose by 60.17%, reaching 1,143,416 million units sold.
By the end of the year, it is estimated that some 2.3-million vehicles will have been produced, while analysts suggest that in 2013, that number will increase to 2.5-million units, while domestic sales are expected to grow close to the 1.4-million mark.
Story via just-auto.com
Their January to October production figure paints a more accurate picture of growth, with an increase of 48.03% over 2011, reaching a total of 1,975,783 vehicles, of which 840,149 were exported. Domestic sales also rose by 60.17%, reaching 1,143,416 million units sold.
By the end of the year, it is estimated that some 2.3-million vehicles will have been produced, while analysts suggest that in 2013, that number will increase to 2.5-million units, while domestic sales are expected to grow close to the 1.4-million mark.
Story via just-auto.com
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