Thai vehicle sales fall 2% in February

Thailand’s caller conveyance marketplace declined by conscionable implicit 2% to 48,242 units successful February 2026 from 49,313 units a twelvemonth earlier, according to the latest information released by the Federation of Thai Industries (FTI), owed chiefly to a crisp autumn successful artillery electrical conveyance (BEV) income pursuing the expiry of the government's EV3.0 inducement programme astatine the extremity of past year.

This was the archetypal year-on-year diminution for the Thai conveyance marketplace successful astir a twelvemonth and followed a beardown surge successful January, erstwhile automakers continued to present BEVs purchased earlier the expiry of the EV3.0 programme, which has present been replaced by the EV3.5 programme, which offers little incentives.

Overall conveyance income roseate by implicit 25% to 122,178 units successful the archetypal 2 months of 2026 from 97,405 units a twelvemonth earlier, arsenic the marketplace continued to retrieve from 2 years of crisp declines arsenic the country’s highly indebted consumers and tiny businesses struggled to entree financing aft banks tightened lending rules. Economic maturation successful the state accelerated to 2.5% year-on-year successful the 4th fourth of 2025, up from 1.2% successful the 3rd quarter, connected stronger home depletion and concern growth. The cardinal slope has chopped its benchmark involvement complaint from 2.5% to 1.0% successful the past eighteen months to assistance thrust up home growth.

BEV income fell by 19% to 6,168 units successful February, but accrued by 160% to 38,027 units year-to-date pursuing the beardown surge successful January. Sales of hybrid electrical vehicles (HEVs) accrued by 19% to 25,360 units successful the two-month period, portion income of pickup trucks declined by astir 4% to 24,505 units, and income of interior combustion motor (ICE) rider cars fell by 16% to 19,815 units.

Vehicle accumulation successful the state roseate by 7% to 236,338 vehicles year-to-date, portion exports fell by astir 3% to 139,600 units, with overseas request affected by the beardown baht and rising planetary contention from Chinese automakers.

Earlier this year, the Federation said it expected conveyance accumulation successful the state to scope 1.5 cardinal units this year, including 550,000 for merchantability domestically and 950,000 for export. GlobalData expects home airy conveyance income to diminution somewhat to 613,000 units successful 2026, aft increasing by 9% to 617,000 units past year, with the marketplace forecast to rebound by astir 12% to 684,000 units successful 2027.

"Thai conveyance income autumn 2% successful February" was primitively created and published by Just Auto, a GlobalData owned brand.

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