Car sales in Thailand increased 8.5 percent year-on-year to 103,164 units in March, following a 9.1 percent rise in February boosted by the launch of new car models, and higher state and private investment. Compared to the previous month, car sales jumped 25.3 percent. In 2019, the purchases are expected to reach five year high of 1.05 million units. 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 86600.00 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 88000.00 in 12 months time. In the long-term, the Thailand Total Vehicle Sales is projected to trend around 91000.00 in 2020, according to our econometric models.