Auto industry sales rate increases in June

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BANGKOK, 23 July 2014 – An auto industry group has revealed that the automotive industry domestic export rate in June 2014 has grew more than in the early months of the year. 

The vice president and spokesman of automotive industry of the Federation of Thai Industries (FTI) revealed there were 160,452 cars been produced in June, which was higher than May by 8.41 percent although it was 26.1 percent less compared to the same time last year due to the cancellation of First Car Project.

There were 73,799 cars sold domestically in June 2014, a reduction compared to last month by 30.4 percent, while 103,946 cars were exported, an increase from June last year by 6.57 percent and a 9.66 percent increase compared to May 2014. Exports to European and North American has increased as well.