Thai vehicle sales rebound by 54% in January

Thailand’s caller conveyance marketplace rebounded by astir 54% to 73,936 units successful January 2026 from anemic year-earlier income of 48,092 units, according to the latest information released by the Federation of Thai Industries (FTI).

January was the tenth consecutive period of maturation for the country’s conveyance market, pursuing 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 1.25% successful the past eighteen months to assistance thrust up home growth.

The crisp rebound successful income past period was chiefly owed to a surge successful deliveries of electrical vehicles (EVs) purchased earlier the expiry of the Thai government’s EV3.0 inducement programme astatine the extremity of 2025, which has present been replaced by the EV3.5 programme which offers little incentives. Chinese automakers besides stepped up their selling and promotions towards the extremity of past twelvemonth successful bid to conscionable their full-year accumulation quotas.

Government information amusement income of artillery electrical vehicles (BEVs) surged by 354% year-on-year to 31,860 units successful January, portion income of hybrid electrical vehicles (HEVs) roseate by 19% to 12,650 units. By contrast, income of interior combustion motor (ICE) pickup trucks fell by 6% to 11,500 units.

Vehicle accumulation successful the state roseate by 10.5% to 118,386 vehicles past month, portion exports fell by 6.3% to 58,405 units, with overseas request affected by the beardown baht and rising planetary contention from Chinese automakers. The Federation has lifted its 2026 conveyance accumulation people to 1.5 cardinal units, including 550,000 home income and 950,000 exports. GlobalData expects home airy conveyance income to emergence by conscionable 1.4% to 626,000 units successful 2026, aft increasing by 9% to 617,000 units past year.

"Thai conveyance income rebound by 54% successful January" was primitively created and published by Just Auto, a GlobalData owned brand.

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