Car sales in Thailand dropped 6.9 percent year-on-year to 80,833 units in August 2019, after decreasing 1.1 percent in July. This was the third straight month decline in car sales and the steepest fall, dragged by financial institutions' stricter lending. In 2019, vehicle purchases are forecast to rise 2.44 percent to 1.05 million units, after last year's 19.5 percent rise to 1.04 million units, the highest level in five years. Total Vehicle Sales in Thailand averaged 40708.90 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 87300.00 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 87000.00 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.