Thailand’s Car Production in April Slips 0.13% amid Tighter Loans for Trucks

Thailand’s car production recorded at 117,636 units, fell by 0.13% in April from a year earlier from lower production in the truck segment.

According to the data released by the Federation of Thai Industries on Wednesday, domestic car sales fell 6.14% in April YoY, and compared to a month prior that saw a drop of 8.37%. The decline was due to tighter loans for trucks amid interest rates at a higher level.

Meanwhile, exports of cars rose 43.53% from the same period of last year, which was due to a lower base. The figure showed a huge jump from 4.84% increase in March.