泰汽车销量预计将超过去年水平

Core Insights - The Thai automotive industry is expected to achieve domestic car sales of 600,000 units this year, despite overall weak performance, with electric vehicles (EVs) leading the market [1] - In September, sales of battery electric vehicles (BEVs) surged by 99% year-on-year, accounting for 18.8% of total car sales, surpassing internal combustion engine (ICE) vehicles at 18.7%, which saw a 22% decline in sales [1] - The transition to electric vehicles is a key factor in the anticipated increase in domestic car sales, with projections for 2024 set at 572,000 units, although high household debt levels are hindering potential buyers' access to auto loans [1] - Total car sales from January to September increased by 2% year-on-year, reaching 447,969 units compared to 438,659 units in the same period last year [1] - The new government's economic stimulus measures, particularly the "Khon La Khrueng Plus" co-payment scheme, are expected to boost consumer confidence and purchasing power [1] - In September, automotive exports grew by 7.2% year-on-year, totaling 86,056 units, driven primarily by increased sales of pure pickups and pickup-type passenger cars [1] Production Insights - Despite a 10% decline in automotive exports in the first nine months of the year, totaling 689,031 units, September saw a production increase of 4.7%, reaching 128,104 units [2] - The growth in production is largely attributed to manufacturers participating in government EV incentive programs, significantly increasing local production of BEVs to replace imported vehicles [2] - Total automotive production from January to September was 1,075,801 units, a decrease of 4.6% compared to the same period last year [3]