Thailand’s new vehicle market expanded by over 5% to 47,622 units in August 2025 from depressed year-earlier sales of 45,190 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). August was the fifth consecutive month of growth for the market, after two years of sharp declines, as the country’s highly indebted consumers and small businesses struggled to access vehicle financing after local banks tightened lending rules. The Bank of Thailand has cut its benchmar ...