Thailand's Vehicle Sales Rise 17% Year-on-Year in June
New vehicle sales in Thailand increased by 17% year-on-year to 58,724 units in June 2026, driven primarily by strong demand for battery electric vehicles (BEVs), which saw a 140% surge. In contrast, internal combustion engine (ICE) passenger vehicle sales declined sharply by 34%. The recovery of the domestic market is attributed to improved economic activity and government spending that boosted GDP growth in Q1 2026. Over the first half of 2026, total domestic vehicle sales rose nearly 15% year-on-year. Light passenger vehicles saw a significant increase due to strong BEV demand from Chinese manufacturers and rising hybrid electric vehicle (HEV) sales. However, pickup truck sales fell by 4%. Vehicle production declined slightly in the first six months of the year amid an 8% drop in exports linked to disruptions caused by geopolitical tensions. The Federation of Thai Industries expects total vehicle production for 2026 to reach 1.45 million units, with GlobalData forecasting continued growth in light vehicle sales through 2027.