Car sales in Thailand slumped 54.12 percent year-on-year to 40,418 units in May 2020, as the coronavirus outbreak hit demand. This was the 12th consecutive month of decline in sales after more than two years of strong growth. In 2019, domestic car sales fell 3.3 percent to 1 million vehicles, compared with 2018's 19.5 percent surge to 1.05 million, the highest level in five years.
Total Vehicle Sales in Thailand averaged 41316.55 from 1980 until 2019, reaching an all time high of 157527 in March of 2013 and a record low of 5338 in April of 1986. This page provides - Thailand Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Total Vehicle Sales - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Thailand Automotive Institute
Total Vehicle Sales in Thailand is expected to be 60000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Total Vehicle Sales in Thailand to stand at 91000.00 in 12 months time. In the long-term, the Thailand Total Vehicle Sales is projected to trend around 95000.00 in 2021, according to our econometric models.