Car export in April drops 14.37 percent

Car export for the month of April dropped 14.37 percent to 68,900 units from last April’s 80,400 units, representing the lowest export in 48 months, said Mr Surapong Paisitpattanapong, spokesman of the automotive industry of the Federation of Thai Industries.

He noted that the export decline was in line with a drop in car production, with production in April having dropped 12.85 percent to 120,000 units – the lowest production drop in 64 months.

Except for markets in Asia and Australia, car export to the rest of the world dropped in April in line with global economic slowdown.

Domestic car sale for the month of April increased 15.1 percent to 63,200 units compared to 54,900 units recorded for the same period last year, thanks to increased purchasing power from improved farm prices, introduction of new car models and motor exhibitions.

Mr Surapong, however, said the FDI still maintained the total car sale projection of two million units, including 1.2 million units for export and the rest for domestic consumption.

The FDI is optimistic car export for the remainder will pick up due to global economic recovery, especially in the United States.