รัฐเข้มงวดปล่อยสินเชื่อ กระทบยอดผลิต-ขาย-ส่งออกรถยนต์ เดือน ส.ค. 67 ลดลงGovernment Tightens Credit Approval, Impacting Production, Sales, and Exports of Automobiles in August 2024

On Tuesday, September 24, 2024, Mr. Supharat Srisuwanangoon, Honorary Chairman of the Automotive Industry Group of the Federation of Thai Industries (FTI), and Mr. Surapong Paisitpatthanapong, Advisor to the Chairman of the Automotive Industry Group and Spokesperson for the Automotive Industry Group of the Federation of Thai Industries (FTI), announced the production, domestic sales, and exports of automobiles and motorcycles for the country in August 2024. The total production of automobiles was 119,680 units, a decline of 20.56 percent, with domestic sales at 45,190 units, down 24.98 percent, and exports at 86,066 units, a decrease of 1.70 percent.

Mr. Surapong Paisitpatthanapong, Advisor to the Chairman of the Automotive Industry Group and Spokesperson for the Automotive Industry Group of the Federation of Thai Industries (FTI), provided further details on the production, domestic sales, and exports of automobiles and motorcycles during August 2024 as follows:

Production
The total number of automobiles produced in August 2024 was 119,680 units, a decrease of 20.56 percent from August 2023, due to a decline of 40.49 percent in production for domestic sales and a 6.62 percent drop in production for exports, attributed to a decrease in pickup truck production, and a reduction of 4.12 percent compared to July 2024.
The total number of automobiles produced from January to August 2024 was 1,005,749 units, a decline of 17.69 percent compared to the same period in 2023.
Passenger cars produced in August 2024 amounted to 46,765 units, down 8.84 percent from August 2023, categorized as follows:
• Internal Combustion Engine passenger cars: 31,909 units, a decrease of 15.26 percent from August 2023.
• Battery Electric Vehicle passenger cars: 352 units, an increase of 17,500 percent from August 2023.
• Plug-in Hybrid Electric Vehicle passenger cars: 452 units, down 30.57 percent from August 2023.
• Hybrid Electric Vehicle passenger cars: 14,052 units, an increase of 8.18 percent from August 2023.

The total production of passenger cars from January to August 2024 was 376,034 units, accounting for 37.39 percent of the total production, a decline of 11.09 percent from the same period in 2023, classified as follows:
• Internal Combustion Engine passenger cars: 241,480 units, down 26.90 percent from January to August 2023.
• Battery Electric Vehicle passenger cars: 5,857 units, an increase of 3,857.43 percent from January to August 2023.
• Plug-in Hybrid Electric Vehicle passenger cars: 4,013 units, down 42.84 percent from January to August 2023.
• Hybrid Electric Vehicle passenger cars: 124,684 units, an increase of 45.94 percent from January to August 2023.
Light and heavy-duty buses produced in August 2024 were zero, with a total of 10 units produced from January to August 2024, down 89.36 percent from last year.
Trucks produced in August 2024 totaled 72,915 units, a decline of 26.60 percent from August 2023, and from January to August 2024, a total of 629,705 units were produced, a decrease of 21.17 percent compared to January to August 2023.
The production of 1-ton pickup trucks in August 2024 was 71,973 units, a decrease of 24.67 percent from August 2023. From January to August 2024, a total of 616,549 units were produced, accounting for 61.30 percent of total production, which is a decline of 20.51 percent compared to the same period in 2023, classified as follows:
• Regular pickup trucks: 97,885 units, down 29.91 percent from January to August 2023.
• Double cab pickup trucks: 409,451 units, down 19.49 percent from January to August 2023.
• PPV pickup trucks: 109,213 units, down 14.31 percent from January to August 2023.

Trucks weighing below 5 tons and above 10 tons produced in August 2024 totaled 942 units, down 75.26 percent from August 2023. From January to August 2024, a total of 13,156 units were produced, a decrease of 43.28 percent compared to January to August 2023.

Exports
In August 2024, 82,788 units were produced for export, accounting for 69.17 percent of total production, a decrease of 6.62 percent from August 2023. From January to August 2024, a total of 686,509 units were produced for export, accounting for 68.26 percent of total production, which is a decline of 2.74 percent compared to the same period last year.
Passenger cars produced for export in August 2024 numbered 23,923 units, an increase of 13.59 percent from August 2023, while from January to August 2024, a total of 201,389 units were produced for export, accounting for 53.56 percent of total passenger car production, which is an increase of 4.86 percent from January to August 2023.
Production of 1-ton pickup trucks for export in August 2024 was 58,865 units, down 12.92 percent from August 2023. From January to August 2024, a total of 485,120 units were produced for export, accounting for 78.68 percent of total pickup truck production, which is a decline of 5.58 percent from January to August 2023, classified as follows:
• Regular pickup trucks: 39,463 units, a decrease of 25.15 percent from January to August 2023.
• Double cab pickup trucks: 358,686 units, down 8.42 percent from January to August 2023.
• PPV pickup trucks: 86,971 units, an increase of 25.29 percent from January to August 2023.

Production for Domestic Sale
In August 2024, production for the domestic market was 36,892 units, accounting for 30.83 percent of total production, representing a decline of 40.49 percent from August 2023, while from January to August 2024, the total was 319,240 units, equating to 31.74 percent of total production, a decrease of 38.13 percent compared to January to August 2023.
Passenger cars produced for domestic sales in August 2024 totaled 22,842 units, a decrease of 24.46 percent from August 2023. However, from January to August 2024, a total of 174,645 units were produced for domestic sales, accounting for 46.44 percent of total passenger car production, down 24.35 percent from January to August 2023.

Production of 1-ton pickup trucks for domestic sales in August 2024 was 13,108 units, a decline of 53.08 percent from August 2023, while from January to August 2024, total production was 131,429 units, accounting for 21.32 percent of total pickup truck production, down 49.81 percent from January to August 2023, classified as follows:
• Regular pickup trucks: 58,422 units, down 32.79 percent from January to August 2023.
• Double cab pickup trucks: 50,765 units, down 56.57 percent from January to August 2023.
• PPV pickup trucks: 22,242 units, down 61.67 percent from January to August 2023. Light and heavy-duty buses produced in August 2024 were zero; cumulatively, from January to August 2024, a total of 10 units were produced, down 89.36 percent from last year.
The truck production in August 2024 totaled 942 units, down 75.26 percent from August 2023, while from January to August 2024, a total of 13,156 units were produced, a decline of 43.28 percent from January to August 2023.

Motorcycles
In August 2024, a total of 172,064 motorcycles were produced, a decrease of 7.95 percent from August 2023, categorized as follows: complete motorcycles (CBU) totaled 144,244 units, down 15.78 percent from last year, while motorcycle components (CKD) totaled 27,820 units, an increase of 77.65 percent from last year.
The total motorcycle production from January to August 2024 amounted to 1,548,433 units, down 8.29 percent from last year, categorized as complete motorcycles (CBU) 1,289,764 units, down 12.20 percent from last year, while motorcycle components (CKD) totaled 258,669 units, an increase of 17.90 percent from last year.

Sales
The total domestic sales of automobiles in August 2024 reached 45,190 units, a decrease of 2.60 percent from July 2024 and a decline of 24.98 percent compared to the same month last year, prompted by stricter credit provisions from financial institutions amid high household debt, with non-performing loans (NPL) for automobiles at 254.484 billion Baht in the second quarter this year, an increase of 29.7 percent from the second quarter of last year, and domestic economic growth faltering at a rate of 2.3 percent in the second quarter of this year. However, there are expectations for improvement in the last quarter of this year due to the new government led by the leader of the Pheu Thai Party as prime minister, which has several policies aimed at boosting the economy, such as cash handouts of 10,000 Baht, amounting to over 100 billion Baht, and resolutions for both formal and informal debt systems. Additionally, the annual budget for fiscal year 2025 will be available starting this October, and the stock market index has risen, as the U.S. Federal Reserve cut interest rates by 0.50 and may further reduce rates this year.
Passenger cars and SUVs accounted for 27,754 units, equivalent to 61.42 percent of total sales, a decrease of 13.02 percent compared to the same month last year:
• Passenger cars with Internal Combustion Engine (ICE): 11,748 units, accounting for 26 percent of total sales, down from the same month last year by 39.31 percent.
• Battery Electric Vehicle (BEV) passenger cars: 7,302 units, accounting for 16.16 percent of total sales, up from the same month last year by 20.44 percent.
• Plug-in Hybrid Electric Vehicle (PHEV) passenger cars: 93 units, accounting for 0.21 percent of total sales, down from the same month last year by 29.01 percent.
• Hybrid Electric Vehicle (HEV) passenger cars: 8,611 units, accounting for 19.06 percent of total sales, an increase from the same month last year by 35.46 percent.
Total pickup truck sales reached 12,303 units, down 37.10 percent compared to the same month last year, and PPVs totaled 2,667 units, down 47.30 percent from the same month last year. Trucks weighing 5-10 tons totaled 1,252 units, down 47.35 percent from the same month last year, while other types amounted to 1,214 units, down 8.38 percent from the same month last year.

Motorcycle sales totaled 131,736 units, down 6.94 percent from July 2024 and down 17.73 percent from August 2023.
From January to August 2024, total car sales reached 399,611 units, a decrease of 23.85 percent from the same period in 2023, classified as follows:
Passenger cars and SUVs totaled 239,971 units, accounting for 60.05 percent of total sales, down from the same month last year by 9.12 percent:
• Internal Combustion Engine (ICE) passenger cars and SUVs: 106,245 units, accounting for 26.59 percent of total sales, down from the same month last year by 36.91 percent.
• Battery Electric Vehicle (BEV) passenger cars and SUVs: 47,645 units, accounting for 11.92 percent of total sales, up from the same month last year by 13.86 percent.
• Plug-in Hybrid Electric Vehicle (PHEV) passenger cars and SUVs: 1,456 units, accounting for 0.36 percent of total sales, down from the same month last year by 8.14 percent.
• Hybrid Electric Vehicle (HEV) passenger cars and SUVs: 84,625 units, accounting for 21.18 percent of passenger car and SUV sales, up from the same month last year by 62.06 percent.
Total pickup truck sales numbered 115,051 units, down from the same month last year by 39.30 percent. PPV sales reached 24,481 units, a reduction of 43.07 percent from the same month last year, while trucks weighing 5-10 tons totaled 10,909 units, down 38.71 percent from the same month last year. Other types amounted to 9,199 units, down 11.45 percent compared to the same month last year.
Motorcycle sales totaled 1,163,827 units, down 10.81 percent from January to August 2023, comprising 1,163,627 units of ICE motorcycles, down 10.75 percent from the same period last year, and 200 units of BEV motorcycles, down 9.09 percent from the same period last year.

Exports
In August 2024, 86,066 complete vehicles were exported, an increase of 3.04 percent from last month but down 1.70 percent from August 2023 due to shipping space shortages and delays caused by the conflict between Israel and Hamas, and congestion at the ports, where pickup trucks were unable to load onto vessels, thus reducing the production of pickup trucks for export by 12.92 percent and decreasing exports to Australia, Africa, and Europe, categorized as follows:
• Pickup trucks: 48,201 units accounted for 56 percent of total exports, down 14.07 percent from 2023.
• ICE passenger cars: 22,677 units accounted for 26.35 percent of total exports, up 16.11 percent from 2023.
• HEV passenger cars: 3,516 units accounted for 4.09 percent of total exports, up 351.93 percent from 2023.
• PPVs: 11,672 units accounted for 13.56 percent of total exports, a decrease of 4.66 percent from 2023.
The value of automobile exports reached 60,334.04 million Baht, an increase of 0.20 percent from August 2023.
• Engines had an export value of 3,467.66 million Baht, a decrease of 3.62 percent from August 2023.
• Other automobile components had an export value of 16,765.92 million Baht, an increase of 2.69 percent from August 2023.
• Automotive spare parts had an export value of 2,333.89 million Baht, an increase of 7.07 percent from August 2023.
The total value of automobile exports in August 2024 for complete vehicles, engines, components, and spare parts amounted to 82,901.51 million Baht, reflecting a 0.71 percent increase from August 2023. For the period from January to August 2024, 688,633 complete vehicles were exported, a decrease of 4.94 percent compared to the same period last year, classified as follows:
• ICE pickup trucks: 394,046 units, accounting for 57.23 percent of total exports, down 8.76 percent from 2023.
• ICE passenger cars: 169,126 units, accounting for 24.55 percent of total exports, down 18.34 percent from 2023.
• HEV passenger cars: 34,712 units, accounting for 5.04 percent of total exports, an increase of 472.71 percent from 2023.
• PPVs: 90,749 units, accounting for 13.18 percent of total exports, an increase of 14.37 percent from 2023.

The total value of automobile exports reached 480,206.30 million Baht, up by 5.08 percent in comparison to January-August 2023, with the following details:
• Engines had an export value of 23,447.72 million Baht, down 5.51 percent from January-August 2023.
• Other automobile components had an export value of 128,985.48 million Baht, up 7.07 percent from January-August 2023.
• Automotive spare parts had an export value of 17,442.63 million Baht, up 11.52 percent from January-August 2023.
The total value of automobile exports for complete vehicles, engines, components, and spare parts from January to August 2024 reached 650,082.14 million Baht, reflecting a 5.21 percent increase from January-August 2023.

Motorcycles
In August 2024, 58,468 units of motorcycles (including CBU + CKD) were exported, a decrease of 0.49 percent from July 2024, but an increase of 19.91 percent from August 2023, with a value of 4,329.64 million Baht, down 4.65 percent from August 2023.
• Motorcycle components had an export value totaling 219.76 million Baht, down 3.92 percent from August 2023.
• Motorcycle spare parts had an export value totaling 260.27 million Baht, an increase of 29.53 percent from August 2023.

The total value of motorcycle exports in August 2024 for components and spare parts amounted to 4,809.68 million Baht, a decrease of 3.23 percent from August 2023. From January to August 2024, motorcycles had a total export count of 531,543 units (including CBU + CKD), down 1.68 percent from 2023, with an export value of 41,684.24 million Baht, down 9.56 percent from 2023.
• Motorcycle components had an export value totaling 1,670.47 million Baht, down 18.61 percent from 2023.
• Motorcycle spare parts had an export value totaling 1,272.10 million Baht, down 12.61 percent from 2023.
The total export value for motorcycles, components, and spare parts from January to August 2024 amounted to 44,626.81 million Baht, a decrease of 10.03 percent from January to August 2023.

New BEV registrations in August 2024 amounted to 8,804 units, decreasing by 3 percent compared to the previous year, categorized as follows:
• Passenger cars and other types of vehicles totaled 6,376 units, down by 3.67 percent from August 2023.
o Passenger cars: 6,211 units
o Light passenger vehicles (max 7 persons): 162 units
o Tourist service cars: 3 units
• Pickup trucks and vans totaled 233 units, an increase of 762.96 percent from August 2023.
• Three-wheeled passenger vehicles totaled 48 units, a decrease of 100 percent compared to August 2023.
o Private three-wheelers: 9 units
o Public passenger three-wheelers: 39 units
• Motorcycles totaled 2,091 units, down from August 2023 by 12.07 percent.
o Private motorcycles: 2,090 units
o Public motorcycles: 1 unit.

From January to August 2024, the total new registrations of BEVs reached 69,047 units, an increase of 17.34 percent compared to the same period in 2023, categorized as follows:
• Passenger cars and other types of vehicles totaled 49,642 units, an increase of 14.52 percent compared to January-August 2023.
o Passenger cars: 48,204 units
o Light passenger vehicles (max 7 persons): 1,370 units
o Business service cars: 8 units
o Tourist service cars: 57 units
o Rental service cars: 3 units
• Pickup trucks and vans totaled 491 units, an increase of 439.56 percent from January-August 2023.
• Three-wheeled passenger vehicles totaled 135 units, down 42.80 percent from January-August 2023.
o Private three-wheelers: 32 units
o Public passenger three-wheelers: 103 units
• Motorcycles totaled 18,237 units, an increase of 30.35 percent from January-August 2023.
o Private motorcycles: 18,129 units
o Public motorcycles: 108 units.

New HEV registrations in August 2024 totaled 11,000 units, an increase of 54.80 percent compared to August last year, categorized as follows:
• Passenger cars and other types of vehicles totaled 10,932 units, up by 55.31 percent from August 2023.
o Passenger cars: 10,917 units
o Light passenger vehicles (max 7 persons): 6 units
o Business service cars: 2 units
o Tourist service cars: 7 units.

From January to August 2024, the total new registrations of HEVs reached 94,794 units, an increase of 60.14 percent compared to the same period last year, categorized as follows:
• Passenger cars and other types of vehicles totaled 94,406 units, an increase of 60.67 percent from January to August 2023.
o Passenger cars: 94,317 units
o Light passenger vehicles (max 7 persons): 23 units
o Business service cars: 17 units
o Tourist service cars: 46 units
o Rental service cars: 5 units.

New PHEV registrations in August 2024 totaled 854 units, a decrease of 32.70 percent compared to August last year, categorized as:
• Passenger cars and other types of vehicles totaled 854 units, down from August 2023 by 32.70 percent.
o Passenger cars: 854 units.

From January to August 2024, the total new registrations of PHEVs reached 6,576 units, down by 22.80 percent from the same period last year, categorized as:
• Passenger cars and other types of vehicles totaled 6,576 units, down from January to August 2023 by 22.80 percent.
o Passenger cars: 6,569 units.
o Tourist service cars: 7 units.

Total BEV registrations as of August 31, 2024, reached 200,109 units, an increase of 120.13 percent from last year, categorized as follows:
• Passenger cars and other types of vehicles totaled 139,059 units, up 143.78 percent from the same period last year.
o Passenger cars: 136,574 units, up 141.35 percent from the same period last year.
o Light passenger vehicles (max 7 persons): 1,983 units, up 504.57 percent from the same period last year.
o Business service cars: 74 units, up 270 percent from the same period last year.
o Tourist service cars: 128 units, up 393.33 percent from the same period last year.
o Rental service cars: 3 units; no registrations during the same period last year.
o Electronically dispatched vehicles: 297 units, up 219.35 percent from the same period last year.
• Pickup trucks and vans totaled 769 units, up 409.27 percent from the same period last year.
• Three-wheeled passenger vehicles totaled 1,019 units, up 42.92 percent from the same period last year.
o Private three-wheelers: 114 units, up 50 percent from the same period last year.
o Public passenger three-wheelers: 905 units, up 42.07 percent from the same period last year.
• Motorcycles totaled 55,998 units, up 84.20 percent from the same period last year.
o Private motorcycles: 55,871 units, up 84.54 percent from the same period last year.
o Public motorcycles: 127 units, up 1.60 percent from the same period last year.
• Others
o Buses totaled 2,654 units, up 13.08 percent from the same period last year.
o Trucks totaled 610 units, up 143.03 percent from the same period last year.

Total HEV registrations as of August 31, 2024, reached 437,504 units, reflecting an increase of 37.53 percent from last year, categorized as follows:

• Passenger cars and other types of vehicles totaled 428,223 units, an increase of 38.58 percent from the same period last year.
o Passenger cars: 427,271 units, up 38.60 percent from the same period last year.
o Passenger transport vehicles: 496 units, up 3.55 percent from the same period last year.
o Business service cars: 73 units, up 73.81 percent from the same period last year.
o Tourist service cars: 202 units, up 78.76 percent from the same period last year.
o Rental service cars: 5 units, same as the same period last year.

• Pickup trucks and vans totaled 1 unit, unchanged from the same period last year.
• Motorcycles totaled 9,278 units, up 1.84 percent from the same period last year.
o Private motorcycles: 9,278 units, up 1.84 percent from the same period last year.

• Others
o Buses totaled 2 units, unchanged from the same period last year.