Thailand Car Sales Rise 5.84% in July

Domestic car sales in Thailand rose by 5.84% year-on-year in July 2025, slightly accelerating from a 5.07% increase in June, according to data from the Federation of Thai Industries (FTI). This marked the fourth consecutive month of growth, driven largely by a 35% surge in electric vehicle (EV) sales. However, Surapong Paisitpattanapong, spokesperson for FTI’s automotive industry division, noted that tighter lending conditions continued to weigh on pickup truck sales, particularly in a sluggish economic environment. There is a high chance that car sales will reach 600,000 units this year, he added. In contrast, car production fell by 11.39% year-on-year to 110,616 units in July, following an 11.98% increase in June. This marked the first decline in three months, as uncertainty over tariffs—especially potential U.S. trade measures—dampened export demand. Vehicle exports also dropped 13.27% year-on-year, driven by the same tariff-related concerns.