Auto exports down 36.21% in Aug

Thai auto exports fell by more than a third in August owing to a persistent decline in overseas demand. The Federation of Thai Industries’ auto sector said yesterday vehicle shipments fell by 36.21 per cent year-on-year to 43,106 units — although numbers were up 17.92 per cent from the previous month of July, FTI’s Automotive Industry Club spokesman Surapong Paisitpatnapong said. He said car exports during the first eight months of this year plunged 40.08 per cent, with the export value of 146.52 billion baht, down by 39.10 per cent; 84,107 cars were produced last month, down by 18.86 per cent compared to the same period of last year, showing signs of recovery.