Thai auto exports hit 25-year record high in June

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BANGKOK, July 19- Thailand’s automobile exports in June remarkably soared to over 94,000 units, marking its highest record in 25 years, according to the Federation of Thai Industries (FTI).

FTI Automotive Industry Club spokesman Surapong Paisitpattanapong announced on Thursday that automobile exports in June significantly increased by 25.22 per cent year-on-year to 94,727 units.

Automobile exports in the first half of 2012 totalled 456,869 units, valued at approximately Bt323 billion.

Meanwhile, output in June climbed to 205,600 units up 33.8 per cent from the same period last year, hitting a 50-year record high. Auto production for this year’s first six months was reported at more than 1,057,000 units.

Domestic car sales in June marked a new record at 123,472 units, up 75.7 per cent.

The substantial growth in the sales was because automakers resume their output after flood-related suspension and sped up manufacturing and delivering the products to the buyers making advanced reservations, Mr Surapong explained.

He added that the vehicle sales in the country from January-June rose to 606,523 units.

The Automotive Industry Club was confident that Thailand’s total car production this year is likely to rise to 2.2 million units. It also projected that the 2012 overall automobile exports, excluding automobile parts, would be valued at Bt700 billion.