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Thursday, May 16, 2024

Car production drops 7%, local sales fall

Car models are displayed at the Bangkok International Motor Show this year. (File photo)

Car production in Thailand declined 7.02% in October from a year earlier to 158,734 units on weak domestic sales, the Federation of Thai Industries (FTI) said on Thursday.

The figure compared with September’s 8.45% year-on-year fall.

Domestic car sales in October declined 8.75% year-on-year after September’s 16.27% on-year drop, due to tighter autos loans, said Surapong…

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