ส.อ.ท. เผยยอดผลิต-ขายรถยนต์ พ.ค. ลดลง ส่งออกเพิ่ม 3.39%FTI Reports Production and Sales of Automobiles in May Decline, Exports Increase by 3.39%

On Tuesday, June 25, 2024, Mr. Surapong Paisithapattanapong, Advisor to the President of the Automotive Industry Group and Spokesperson for the Automotive Industry Group at the Federation of Thai Industries (FTI), announced the production, domestic sales, and exports of automobiles and motorcycles in the country for May 2024. A total of 126,161 vehicles were manufactured, representing a decrease of 16.19%. Domestic sales amounted to 49,871 vehicles, down by 23.38%. However, exports reached 89,284 vehicles, showing an increase of 3.39%.

Mr. Surapong Paisithapattanapong, Advisor to the President of the Automotive Industry Group and Spokesperson for the Automotive Industry Group at the Federation of Thai Industries (FTI), revealed the following figures for production, domestic sales, and exports of automobiles and motorcycles in May 2024:

Production
The total number of automobiles produced in May 2024 was 126,161 vehicles, a decrease of 16.19% from May 2023. The production of domestic pickup trucks fell by 54.66%, and the production of passenger cars for domestic sale declined by 14.35%, which correlates with a decrease in domestic sales due to low economic growth rates. Additionally, electric vehicle production has not yet reached full capacity but showed an increase of 20.54% from April 2024.

The total number of vehicles produced from January to May 2024 was 644,951 vehicles, representing a decrease of 16.88% compared to the same period in 2023.

For passenger cars, 46,951 vehicles were produced in May 2024, down by 7.74% from May 2023, broken down as follows:

• Internal Combustion Engine passenger cars totaled 29,935, down by 70% from May 2023.

• Battery Electric Vehicle passenger cars amounted to 865, an increase of 7,763.64% compared to May 2023.

• Plug-in Hybrid Electric Vehicle passenger cars were at 797, a decrease of 12% from May 2023.

• Hybrid Electric Vehicle passenger cars totaled 15,354, an increase of 71% from May 2023.

The total production of passenger cars from January to May 2024 was 240,190 vehicles, representing 37.24% of total production, showing a decrease of 11.29% compared to the same period in 2023, broken down as follows:

• Internal Combustion Engine passenger cars totaled 147,426, down by 19% from May 2023.

• Battery Electric Vehicle passenger cars amounted to 4,156, an increase of 3.48% compared to the same period in 2023.

• Plug-in Hybrid Electric Vehicle passenger cars totaled 2,591, down by 77% from January to May 2023.

• Hybrid Electric Vehicle passenger cars were at 86,017, an increase of 17% from January to May 2023.

For buses weighing less than 10 tons and more than 10 tons produced in May 2024, there were no productions. From January to May 2024, a total of 10 units were produced, a decrease of 83.87% from last year.

During May 2024, a total of 79,210 trucks were produced, a decline of 20.49% from May 2023, while 404,751 units were produced from January to May 2024, down by 19.87% from the same period in 2023.

In May 2024, a total of 78,319 one-ton pickups were produced, a decrease of 19.05% from May 2023. From January to May 2024, a total of 394,321 vehicles were produced, representing 61.14% of the total production, decreasing by 19.87% compared to the same time last year, broken down as follows:

• Pickup trucks totaled 67,956, down by 22% from January to May 2023.

• Double Cab pickups totaled 260,088, down by 98% from January to May 2023.

• PPV pickups amounted to 66,277, down by 41% from January to May 2023.
   

For trucks weighing less than 5 tons and more than 10 tons, 891 units were produced in May 2024, a decrease of 69.03% from May 2023. Aggregate production from January to May 2024 stood at 10,430 units, reflecting a decline of 19.78% compared to the same period last year.

Production for Export

In May 2024, a total of 88,808 units were produced for export, accounting for 70.39% of the total production, a decrease of 1% from May 2023. From January to May 2024, 434,416 units were produced for export, representing 67.36% of total production, down by 2.54% from the same period in 2023.

For passenger cars, a total of 25,284 units were produced for export in May 2024, down 1.21% from May 2023. From January to May 2024, 127,881 units were produced for export, which equals 53.24% of total passenger car production, increasing by 3.13% compared to the same period in 2023.

For one-ton pickups, exports in May 2024 amounted to 63,524 units, down by 0.92% from May 2023. From January to May 2024, a total of 306,535 units were produced for export, accounting for 77.74% of total pickup production, a decrease of 4.73% compared to January to May 2023, broken down as follows:

• Pickup trucks totaled 26,474, down by 36% from January to May 2023.

• Double Cab pickups amounted to 225,458, down by 75% from January to May 2023.

• PPV pickups totaled 54,603, an increase of 62% from January to May 2023.
   

Production for Domestic Sale

In May 2024, a total of 37,353 units were produced for domestic sale, accounting for 29.61% of total production, down by 38.57% from May 2023. From January to May 2024, a total of 210,525 units were produced for domestic sale, representing 32.64% of total production, declining by 36.23% compared to the same period in 2023.

In May 2024, passenger cars produced for domestic sale numbered 21,667 units, down by 14.35% from May 2023, while from January to May 2024, 112,309 units were produced for domestic distribution, representing 46.76% of total passenger car production, a decrease of 23.47% compared to January to May 2023.

For one-ton pickups, domestic production in May 2024 was 14,795 units, down by 54.66% from May 2023. From January to May 2024, a total of 87,786 units were produced for domestic sale, accounting for 22.26% of total pickup production, down by 48.48% from January to May 2023, broken down as follows:

• Pickup trucks totaled 41,482, down by 37% from January to May 2023.

• Double Cab pickups numbered 34,630, down by 57% from January to May 2023.

• PPV pickups totaled 11,674, down by 34% from January to May 2023.

Motorcycles
In May 2024, a total of 191,970 motorcycles were produced, representing a decrease of 12.30% from May 2023. This consists of 168,190 complete bikes (CBU), down by 15.62% from 2023, while motorcycle parts (CKD) totaled 23,780 units, an increase of 21.51% from 2023.

From January to May 2024, motorcycle production totaled 1,013,665 units, a decrease of 5.64% from 2023, with 837,975 complete motorcycles (CBU), down by 8.96% from 2023, and 175,690 motorcycle parts (CKD), an increase of 14.21% from 2023.

Sales

Domestic sales of automobiles in May 2024 totaled 49,871 units, an increase of 6.70% from April 2024 but a decrease of 23.38% from the same month last year. This was due to financial institutions tightening credit approvals amidst high household debt levels, while economic growth was low due to the delay in the 2024 budget, causing reduced public sector investment. The industrial production index has declined for more than ten consecutive months, with many factories reducing working hours and thousands of employees being laid off, leading to financial strain. Consumers have become cautious in spending due to income uncertainties along with rising costs for food, transportation, and energy. It is expected that the Thai economy may improve in the latter half of this year with the 2024 and 2025 budgets currently under consideration by the Assembly, although concerns remain regarding whether economic growth will reach 3% if automobile production, sales, and real estate continue to experience declines, as both sectors are highly interconnected with significant employment impacts on domestic economic growth.

Passenger cars and crew passenger vehicles totaled 29,679, accounting for 59.51% of total sales, a decrease of 13.71% from the same month last year.

• Internal Combustion Engine passenger and crew vehicles numbered 13,343, accounting for 76% of total sales, down from last year’s figure of 36.94%.

• Battery Electric Vehicle passenger and crew vehicles totaled 5,117, accounting for 26% of total sales, down from last year’s figure of 30.94%.

• Plug-in Hybrid Electric Vehicle passenger and crew vehicles amounted to 222, accounting for 45% of total sales, down by 1.77% from last year.

• Hybrid Electric Vehicle passenger and crew vehicles totaled 10,997, accounting for 5% of total sales, an increase of 96.34% from last year.

There were 14,832 pickups sold, down by 33.87% from the same month last year. PPV sales totaled 2,819 units, marking a decline of 42.42% from last year. For trucks weighing 5 - 10 tons, sales numbered 1,280 units, decreased by 35.90% from last year, and other types of vehicles saw sales of 1,261 units, down by 8.09% from last year.

Motorcycle sales totaled 165,339 units, increasing by 30.14% from April 2024 but down by 10.19% from May 2023.

From January to May 2024, automobile sales totaled 260,365 units, reflecting a decline of 23.80% from the same period in 2023, broken down as follows:

Passenger cars and crew vehicles numbered 156,386, accounting for 60.06% of total sales, which is a decrease of 7.60% from the same time last year.

• Internal Combustion Engine passenger and crew vehicles totaled 69,993, accounting for 88% of total sales, down from last year’s 36.26%.

• Battery Electric Vehicle passenger and crew vehicles numbered 28,148, accounting for 81% of total sales, an increase from 12.89% the previous year.

• Plug-in Hybrid Electric Vehicle passenger and crew vehicles amounted to 981, accounting for 38% of total sales, down by 12.80% from the previous year.

• Hybrid Electric Vehicle passenger and crew vehicles totaled 57,264, accounting for 99% of total passenger and crew vehicle sales, up by 71.53% compared to last year.
   

Pickups accounted for 75,510 units, down by 40.80% from the same period last year. PPVs totaled 16,255 units, down by 42.09%, while 6,807 trucks weighing 5 - 10 tons were sold, reflecting a decrease of 35.33%. Other vehicle types accounted for 5,407 units, down by 14.28% compared to last year.

Motorcycle sales from January to May 2024 totaled 739,988, a decrease of 9.16% compared to the same period in 2023, with ICE motorcycles numbering 739,788, down by 9.08%, while HEV motorcycles accounted for 200, down by 1.96%.

Exports

Complete Automobiles

In May 2024, a total of 89,284 vehicles were exported, representing an increase of 27.26% from the previous month and a 3.39% increase from May 2023, despite the decrease in production for export. This growth is attributed to vehicles that were pending export from the previous month, leading to increased exports in the Asian, Australian, Middle Eastern, North American, Central American, and South American markets, broken down as follows:

• Pickup trucks totaled 50,159, accounting for 18% of total exports, down by 6.13% from 2023.

• Internal Combustion Engine passenger cars numbered 22,400, representing 9% of total exports, down by 0.89% from 2023.

• Hybrid Electric Vehicle passenger cars totaled 4,404, accounting for 93% of total exports, an increase of 373.04% from 2023.

• PPV vehicles comprised 12,321, accounting for 80% of total exports, representing an increase of 31.24% from last year.

The total value of automobile exports reached 63,073.52 million baht, an increase of 14.74% from May 2023.

• Engines had an export value of 3,107.31 million baht, an increase of 56% from a year earlier.

• Other automotive components were exported with a value of 15,403.92 million baht, up by 78% from last May.

• Auto parts had an export value of 2,169.35 million baht, a slight increase of 3% from the previous year.

Total export value of automobiles in May 2024 for engines, automotive parts, and accessories amounted to 83,754.09 million baht, showing a rise of 12.93% from May 2023.

From January to May 2024, complete automobile exports totaled 429,969 units, down by 2.28% compared to the same period last year, broken down as follows:

• ICE pickups reached 246,943 units, accounting for 43% of total exports, down by 5.15% from 2023.

• ICE passenger cars numbered 100,034, making up 27% of total exports, down by 23.32% from 2023.

• HEV passenger cars totaled 23,822, accounting for 54% of total exports, an increase of 536.10% from the previous year.

• PPV totaled 59,170 units, representing 76% of total exports and up by 30.22% from last year.
   

The total value of automobile exports amounted to 300,375.07 million baht, an increase of 9.92% from January to May 2023, detailed as follows:

• Engine exports were valued at 12,776.39 million baht, down by 54% compared to last year.

• Other automotive components had an export value of 77,989.66 million baht, increasing by 63% from the last year.

• Auto parts value reached 10,496.25 million baht, up by 83% from the previous year.

Total export value of automobiles from January to May 2024, including engines, automotive parts, and accessories, summed up to 401,637.37 million baht, an increase of 9.23% from January to May 2023.

Motorcycles

In May 2024, motorcycle exports totaled 53,105 units (including CBU + CKD), down 0.63% from April 2024 and down 7.96% from May 2023, with a value of 4,608.60 million baht, a decrease of 14.41% from May 2023.

• Motorcycle parts had an export value of 45 million baht, down 30.64% from the previous year.

• Motorcycle accessories generated an export value of 12 million baht, down by 74.68% from May 2023.
   

Total export value of motorcycles in May 2024, including parts and accessories, was 4,826.17 million baht, down 17.34% from May 2023.

From January to May 2024, motorcycle exports totaled 359,603 units (including CBU + CKD), down 0.74% from 2023, with a value of 28,584.82 million baht, declining 5.53% from 2023.

• Motorcycle parts’ total export value reached 1,002.05 million baht, down 68% from 2023.

• Motorcycle accessories had an export value of 31 million baht, down by 19.49% from last year.

Total export value of motorcycles from January to May 2024, including parts and accessories, was 30,313.17 million baht, down 6.47% from January to May 2023.

In May 2024, the total export value of complete automobiles, engines, other components, automobile parts, motorcycles, and motorcycle parts amounted to 88,580.26 million baht, increasing by 10.72% from 2023.

From January to May 2024, this total value reached 431,950.54 million baht, up by 7.95% compared to the previous year.

Newly Registered BEV Vehicles in May 2024

In May 2024, a total of 8,166 electric vehicles (BEV) were registered, an increase of 14.50% from May of last year, broken down as follows:

• Passenger cars and various vehicle types totaled 5,455, down by 17% from May 2023, consisting of 5,274 passenger cars, 167 vehicles for less than 7 passengers, 1 business service car, and 13 tour service vehicles.

• Pickup and van registrations totaled 10 units, an increase of 100% from May 2023.

• Three-wheeled vehicles numbered 22 units, an increase of 14% from May 2023; comprising of 3 personal three-wheelers and 14 for-hire three-wheelers.

• Motorcycle registrations totaled 2,580, representing a 50% increase from May 2023, with 2,481 personal motorcycles and 99 public motorcycles.

• Bus registrations totaled 74, a decrease of 35% from May 2023.

• Truck registrations totaled 25, down by 71% from last year.
   

From January to May 2024, a cumulative total of 43,921 electric vehicles (BEV) were registered, showing a 31.64% increase compared to the previous year, broken down as follows:

• Passenger cars and various vehicle types totaled 31,732, a 10% increase from January to May 2023, including 30,857 passenger cars, 819 vehicles for less than 7 passengers, 6 business service vehicles, and 47 tour service vehicles.

• Pickup and van registrations reached 162 units, a 71% increase from the previous year.

• Three-wheeled vehicle registrations amounted to 51 units, a 54% decrease from the previous year, including 12 personal three-wheelers and 39 for-hire three-wheelers.

• Motorcycle registrations totaled 11,639, a growth of 87% compared to the prior year, with 11,538 personal motorcycles and 101 public motorcycles.

• Bus registrations totaled 181, down by 35% from January to May 2023.

• Truck registrations totaled 156, an increase of 59% compared to the same period last year.

Newly Registered HEV Vehicles in May 2024

In May 2024, a total of 10,789 hybrid electric vehicles (HEV) were registered, reflecting a 34.64% increase from the previous year, broken down as follows:

• Passenger cars and various vehicle types totaled 10,729, a rise of 82% from May 2023, including 10,721 passenger cars, 2 vehicles for less than 7 passengers, 1 business service vehicle, and 5 tour service vehicles.

• Motorcycle registrations reached 60 units, an increase of 9% compared to May 2023, with all being personal motorcycles.

From January to May 2024, a cumulative total of 59,317 HEVs were registered, representing a 53.48% increase from the same period last year, detailed as follows:

• Passenger cars and various vehicle types totaled 59,126, showing an 8% increase from January to May 2023, including 59,064 passenger cars, 12 vehicles for less than 7 passengers, 13 business service vehicles, 34 tour service vehicles, and 3 rental vehicles.

• Motorcycles totaled 191 units, a decrease of 4% from January to May 2023, all being personal motorcycles.

Newly Registered PHEV Vehicles in May 2024

In May 2024, a total of 704 plug-in hybrid electric vehicles (PHEV) were registered, down by 31.32% compared to the previous year, broken down as follows:

• Passenger cars and various vehicle types totaled 704, a decrease from May 2023, all being passenger cars.

From January to May 2024, a cumulative total of 4,053 PHEVs were registered, a decrease of 22.01% from the same period last year, broken down as follows:

• Passenger cars and various vehicle types totaled 4,053, down 1% compared to the previous year.

• Passenger cars numbered 4,051 total.

• Tour service vehicles amounted to 2 units.
   

Cumulative Registration of BEV as of May 31, 2024

As of May 31, 2024, the cumulative registration of BEVs totaled 175,316 vehicles, marking an increase of 168.34% from the prior year, categorized as follows:

• Passenger cars and various vehicle types amounted to 121,310, an increase of 45% compared to the same period in 2023.

• Total passenger cars were recorded at 119,457, an increase of 27% from the equivalent period in 2023.

• Passenger transport vehicles for up to 7 passengers totaled 1,426, an increase of 58% from the previous year.

• Business service vehicles accounted for 66, a rise of 500% from last year.

• Tour service vehicles totaled 108, increasing by 1,100% from last year.

• Vehicles contracted via electronic platforms reached 253, representing an increase of 37% from last year.

• Pickup and van vehicles numbered 447, reflecting a 52% increase from last year.

• Three-wheeled vehicles totaled 941 vehicles, increasing by 26% from the previous year.

• Personal three-wheeled vehicles numbered 92, representing a 43% rise from a year ago.

• For-hire three-wheeled vehicles totaled 849 vehicles, a 7% increase from last year.

• Motorcycles totaled 49,556, an increase of 42% compared to the prior year.

• Personal motorcycles were at 49,425, a 71% increase from last year.

• Public motorcycles totaled 131, increasing by 70% from last year.

• Others.

• Bus registrations totaled 2,601, reflecting a 27% increase from the previous year.

• Truck registrations totaled 461, a rise of 85% from last year.
   

Cumulative Registration of HEV as of May 31, 2024

As of May 31, 2024, the cumulative registration of HEVs numbered 402,414, reflecting a 35.06% increase from last year, categorized as follows:

• Passenger cars and various vehicle types totaled 393,218, a rise of 15% compared to the same period last year.

• The total passenger cars numbered 392,313, a 15% increase from the prior year.

• Passenger transport vehicles totaled 487, marking a 67% increase from last year.

• Business service vehicles totaled 66, up by 25% from last year.

• Tour service vehicles reached 186, a 86% increase from last year.

• Rental vehicles numbered 5, increasing by 67% year-on-year.

• Vehicles contracted via electronic platforms reached 161, a rise of 222% compared to last year.

• Pickup and vans totaled 1 unit, remaining unchanged from the previous year.

• Motorcycles numbered 9,193, reflecting a 65% increase from the last year.

• Personal motorcycles totaled 9,193, a 65% increase from last year.

• Others.

• Buses numbered 2, remaining unchanged from a year earlier.
   

Cumulative Registration of PHEV as of May 31, 2024

As of May 31, 2024, the cumulative registration of PHEVs totaled 57,951, a 21.89% increase from the previous year, categorized as follows:

• Passenger cars and various vehicle types totaled 57,879, up by 89% from last year.

• The total passenger cars reached 57,197, an 8% increase from the same period last year.

• Business service vehicles numbered 41, reflecting a 13% increase from last year.

• Tour service vehicles totaled 23, a 75% increase from last year.

• Rental vehicles remained at 3, unchanged from last year.

• Vehicles contracted via electronic platforms totaled 5, a 150% rise from last year.
   

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