Car sales in Thailand slumped 14.1 percent year-on-year to 76,195 units in September 2019, after a 6.9 percent drop in August. This was the fourth straight month of yearly decline in domestic car sales following recent floods in many areas of the country and after banks implemented stricter lending due to the high level of household debt. On a monthly basis, vehicle sales declined 5.7 percent. For 2019, domestic car sales are forecast to be 1 million units instead of 1.05 million projected earlier. In 2018, sales jumped 19.5 percent to 1.04 million units - the highest in five years. Thailand is a regional vehicle production and export base for the world's top automobile manufacturers. Total Vehicle Sales in Thailand averaged 41241.49 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.
Total Vehicle Sales in Thailand is expected to be 105000.00 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 86000.00 in 12 months time. In the long-term, the Thailand Total Vehicle Sales is projected to trend around 93000.00 in 2020, according to our econometric models.