Thai Auto Exports Slip Despite Rising Production

[webfact]

 

Paul Rujopakarn

BANGKOK (NNT) - Thailand’s vehicle exports fell in November despite a 44-month high in car production, due to limited space on cargo ships, data showed Tuesday.

 

Finished car exports dropped 10.98 percent in November from a year earlier, according to the Federation of Thai Industries (FTI).

 

A total of 107,345 completely built cars were manufactured for export, though only 81.9%, or 87,979 units, were exported. FTI Auto Club Vice President and Spokesperson Surapong Paisitpattanapong told a news conference that the process was hindered by space shortages for wheeled products on freighters.

 

Following an increase in semiconductor supplies, the kingdom’s automobile production rose 15 percent year on year in November to 190,155 units - the highest figure since March 2019.

 

Surapong said a total of 1,724,909 cars were produced in the first 11 months of this year, a 20.95% increase from a year earlier.

 

He also said automakers have been receiving more microchips since August this year following a drop in semiconductor demand in the electronic industry, adding that the entire year’s car production was expected to meet the original target of 1.8 million units.

:

Source: https://thainews.prd.go.th/en/news/detail/TCATG221222092255577

 

-- © Copyright NNT 2022-12-22

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

[Cake Monster]

5 hours ago, webfact said:

BANGKOK (NNT) - Thailand’s vehicle exports fell in November despite a 44-month high in car production, due to limited space on cargo ships, data showed Tuesday.

I somehow think that " limited space  " on Cargo Ships is not the main reason for a near 11 % drop in Exported Vehicles.

The reason for the decline is probably more todo with the Global slowdown, with Dealerships rammed with Stock Vehicles, and Consumers with very little Money to spend on Big Ticket items such as Carss and Holidays.

 

[Isaan sailor]

Baht rising also will have an effect.

[Srikcir]

Likely these exported autos are ICE.

First half of 2022 4.3 million EVs were sold globally. Sales predicted for the rest of 2022 is 10.6 million.

Sales growth for EVs will impact demand for ICE autos.

US target for EV market share is 50% by 2030; Europe is 35%. 

Legacy auto makers must transition to EVs or lose traditional ICE market share. 

[hotchilli]

Surely cars are manufactured to demand from sales?

If they are sourced by countries for import then surely transportation of vehicles is taken into consideration?

[Cake Monster]

2 hours ago, hotchilli said:

Surely cars are manufactured to demand from sales?

If they are sourced by countries for import then surely transportation of vehicles is taken into consideration?

I remember some Years ago, that Vehicle Manufacturers were actually buying their own Vehicles.

They then were selling through their Dealerships Globally, and using their own Financial Arrangements to shift them to the Customers.

Those Customers being mainly Lease Companies that were more or less demanding their own price for the Vehicles.