WEB BBS FEB 18

BUSINESS SUPPLEMENT
Photo courtesy of
Nissan Thailand
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DOMESTIC CAR SALES
EXPECTED TO RISE THIS YEAR
Several undercurrents will drive
Thailand’s automotive sector in
2018 according to the Federation
of Thai Industries. (FTI).
On the one hand the domestic
market for cars and pick up trucks
is strong and is expected to grow
by about two per cent to 870,000
units.
Exports on the other hand are
expected to stay steady at 1.1
million units, and may be affected
by various rules and regulations
on tariffs and other non-tariff
barriers in several countries both
locally and globally.
Overall, car production in Thailand
will rise around 1 per cent to 1.97
million units in 2018 to cover both
the domestic and export markets.
Regarding the measure of possible
non tariff barriers, the spokes
person of the FTI’s Automotive
Industry Club, Surapong Paisitpatanapong
was quoted as saying,
“This measure can result
in a large momentum for global
trade, which will affect the country’s
automotive exports,” adding,
“Vietnam for example may have a
car inspection barrier at its ports
even as it is set to reduce import
duties for Thai-made cars early
next year”
The local market has benefitted
from, and is expected to continue
to bask in good economic conditions
with Thai GDP expected to
hit up to four per cent in 2018.
Growth will likely pick up pace
due to government infrastructure
projects, increases in tourism
expenditure and growth in exports
in many sectors.
Email: ben.hightowerltd@gmail.com
Surapong Paisitpatanapong was
also quoted as saying, “We are
not worried about the local market
in 2018 although the growth pace
may be slower than in 2017,” adding,
“Once massive public and
private investments set in, the car
market may expand higher that
we expected”
New car launches have also
buoyed the domestic market with
grand advertising schemes attracting
prospective buyers for
new models.
In related news the FTI’s Automotive
Industry Club reported that
production in the last reported
period, November 2017, rose by
a bigger than expected 11.5 per
cent to 190,385 vehicles. The increase
was mainly due to a rise in
the production of pick up trucks,
up nearly a third, to 70,236 units.
Exports were also up in November
by 4.64 per cent to 103,042 vehicles.
November numbers topped off
a good rate of increase in 2017.
In the first 11 months of the year,
production rose 1.27 per cent to
1.83 million units. However In the
same period exports were down
5.31 per cent to 1.04 million units.
The total value of exports in the
auto sector was 553 billion baht
in the period.
Mr. Paisitpatanapong was also
further quoted as saying, “Car
exports have declined for two
consecutive years while the domestic
car market has picked up
for the first time in five years.
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