December 20, 2017 / 2:50 AM / 6 months ago

Thai Nov car sales jump 20.6 pct y/y - federation

    BANGKOK, Dec 20 (Reuters) - Thailand's domestic car sales in November jumped
20.6 percent to 78,082 units compared with the same period a year earlier,
helped by launches of new models, improving private investment and higher
government spending, the Federation of Thai Industries (FTI) said on Wednesday.
    The FTI last month raised its 2017 domestic sales forecast to 850,000 cars
from 830,000 cars, but maintained its export estimate at 1.1 million vehicles.
    Annual domestic car sales declined during 2013-2016, following the end of a
government car subsidy scheme in 2012, when sales surged 81 percent. 
    Thailand is a regional vehicle production and export base for the world's
top carmakers. The auto industry accounts for about 12 percent of Thailand's
economy.
    
    Thai monthly car and truck sales from the FTI     
               Change y/y pct          Vehicles
        Nov             +20.6            78,082
        Oct             +13.1            68,551
        Sep             +21.9            77,592
        Aug              +6.8            67,962
        Jul              +7.5            65,178
        Jun              +5.7            69,794
        May              +0.6            66,422
        Apr             +15.1            63,267
        Mar             +16.7            84,801
        Feb             +19.9            68,435
        Jan             +10.5            57,254
  

    
 (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by
Sunil Nair)
  
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