GITNUXREPORT 2026

Thailand Auto Industry Statistics

Thailand's auto industry is a major global manufacturer and exporter dominated by pickup trucks.

Rajesh Patel

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Key Statistics

Statistic 1

Thailand's auto industry employed 450,000 direct workers in 2022 across 1,200 factories

Statistic 2

Auto parts sector provided 350,000 jobs in 2022, 78% Thai nationals

Statistic 3

Assembly plants employed 100,000 skilled workers in 2022, average wage THB 25,000/month

Statistic 4

Female workforce in auto industry was 35% or 157,000 in 2022, up from 30% in 2019

Statistic 5

Engineers in auto sector numbered 50,000 in 2022, with 20% holding master's degrees

Statistic 6

Vocational training graduates for auto reached 30,000 annually in 2022

Statistic 7

Unemployment rate in auto sector was 2.5% in 2022 post-COVID recovery

Statistic 8

Overtime hours averaged 20 per month per worker in 2022 due to export demand

Statistic 9

Migrant workers from Myanmar/Laos/Cambodia: 50,000 in auto factories 2022

Statistic 10

R&D staff in auto industry: 15,000 in 2022, focused on EV tech

Statistic 11

Average age of auto workers 38 years in 2022, with 25% under 25

Statistic 12

Labor productivity grew 8% to 45 vehicles per worker annually in 2022

Statistic 13

Unions represented 40% of workforce in 2022, 180,000 members

Statistic 14

Training investment per worker THB 10,000 in 2022 by firms

Statistic 15

In Q1 2023, employment rose 3% to 463,500 amid EV shift

Statistic 16

Welding technicians shortage: 5,000 positions unfilled in 2022

Statistic 17

EV battery assembly jobs created 2,000 in 2022

Statistic 18

Logistics workers in auto supply chain: 100,000 in 2022

Statistic 19

Dealer network employed 80,000 in sales/service in 2022

Statistic 20

Digital skills training reached 20,000 workers in 2022 for Industry 4.0

Statistic 21

Injury rate in auto factories 1.2 per 100 workers in 2022, improved 15%

Statistic 22

Foreign experts: 5,000 Japanese/others in management in 2022

Statistic 23

Youth apprenticeship programs placed 10,000 in auto firms 2022

Statistic 24

Wage growth 5% to average THB 22,000/month in 2022

Statistic 25

In 2022, Thailand exported 1,186,475 vehicles, valued at USD 20.5 billion, 2nd largest exporter after Japan

Statistic 26

Pickup exports dominated with 950,000 units in 2022, 80% of total, to Australia and US

Statistic 27

Toyota exported 450,000 vehicles from Thailand in 2022, mainly Hilux to 120 countries

Statistic 28

Isuzu exported 180,000 D-Max pickups in 2022, top destination Australia 60,000 units

Statistic 29

Ford Ranger exports reached 70,000 units in 2022 to Asia-Pacific and Middle East

Statistic 30

Mitsubishi Triton exports totaled 75,000 units in 2022, strong in ASEAN

Statistic 31

Honda exported 50,000 BR-V and HR-V from Thailand in 2022 to ASEAN markets

Statistic 32

Nissan Navara exports were 35,000 units in 2022, primarily to Middle East

Statistic 33

Auto parts exports value hit USD 12 billion in 2022, up 10% YoY

Statistic 34

Vehicle exports to Australia were 250,000 units in 2022, 21% of total

Statistic 35

Exports to US reached 100,000 pickups in 2022 under US-Thailand FTA benefits

Statistic 36

ASEAN export share was 30% or 350,000 vehicles in 2022

Statistic 37

EV exports began with 2,000 units in 2022 to neighboring countries

Statistic 38

CKD exports value was USD 3 billion in 2022 for ASEAN assembly

Statistic 39

In H1 2023, exports grew 5% to 600,000 units

Statistic 40

Import of vehicles totaled 45,000 units in 2022, mostly luxury from Europe

Statistic 41

Auto parts imports were USD 8 billion in 2022, mainly electronics from Japan

Statistic 42

EU vehicle imports to Thailand 12,000 units in 2022, down due to tariffs

Statistic 43

China vehicle imports surged to 20,000 EVs in 2022

Statistic 44

Trade surplus in autos was USD 12 billion in 2022

Statistic 45

Exports to Middle East hit 150,000 units in 2022

Statistic 46

Auto industry FDI inflows reached USD 2.5 billion in 2022, led by Chinese EV makers

Statistic 47

BOI-promoted auto projects: 150 with THB 500 billion investment by 2022

Statistic 48

Great Wall Motor invested USD 1 billion in Rayong EV plant in 2022, capacity 80,000/year

Statistic 49

BYD Auto Thailand USD 500 million for EV production starting 2023

Statistic 50

Toyota expanded hybrid capacity with THB 20 billion in 2022

Statistic 51

Industry contribution to GDP: 12% or THB 1.8 trillion in 2022

Statistic 52

Tax revenue from auto sector THB 300 billion in 2022

Statistic 53

EV incentives attracted THB 100 billion investments by 2022 under BOI policy

Statistic 54

R&D spending by auto firms THB 15 billion in 2022, 1% of revenue

Statistic 55

Capacity expansion projects: THB 150 billion announced in 2022 for 500,000 extra units

Statistic 56

Chinese investments totaled USD 3 billion cumulative by 2022 in autos

Statistic 57

Economic multiplier effect: 2.5x from auto investments in 2022

Statistic 58

Export value added 11% to manufacturing GDP in 2022

Statistic 59

BOI certificates issued for auto: 20 new in 2022 with THB 80 billion

Statistic 60

Local content ratio incentives boosted investments to 80% localization target

Statistic 61

In 2023 Q1, new FDI pledges THB 50 billion for EV battery plants

Statistic 62

Supply chain investments THB 100 billion in 2022 for parts localization

Statistic 63

Digital transformation capex THB 20 billion in 2022 for smart factories

Statistic 64

Sustainability investments THB 10 billion in 2022 for green manufacturing

Statistic 65

Provincial economic impact: Eastern Seaboard 40% of auto GDP in 2022

Statistic 66

Tourism linkage: auto test drives boosted 5% visitor spending 2022

Statistic 67

SME suppliers received THB 50 billion loans in 2022 for auto chain

Statistic 68

Patent filings in auto tech: 1,200 in 2022 by Thai firms

Statistic 69

Infrastructure spend for auto logistics THB 30 billion in 2022

Statistic 70

Overall economic value chain contribution 3.5 million jobs indirectly in 2022

Statistic 71

In 2022, Thailand's total automobile production reached 1,843,799 units, including 1,265,456 pickup trucks and 578,343 passenger cars, positioning it as the 11th largest auto producer globally

Statistic 72

Toyota Motor Thailand produced 786,000 vehicles in 2022, accounting for 42.7% of national output, with the Hilux pickup leading at 240,000 units

Statistic 73

Honda Automobile Thailand manufactured 220,000 units in 2022, primarily the City sedan and CR-V SUV, up 12% from 2021 due to expanded capacity at Ayutthaya plant

Statistic 74

Isuzu Motors Thailand output hit 193,000 vehicles in 2022, with D-Max pickups comprising 85% at 164,050 units

Statistic 75

Ford Thailand produced 85,000 Ranger pickups in 2022 from Rayong plant, achieving 98% localization rate

Statistic 76

Mitsubishi Motors Thailand assembled 120,000 units in 2022, led by Triton pickup at 95,000 units, with new EV models in pipeline

Statistic 77

Nissan Thailand produced 70,000 vehicles in 2022, focusing on Navara pickup and Almera sedan, down 8% due to chip shortages

Statistic 78

BMW Thailand manufactured 15,000 units in 2022 at Rayong plant, including X3 and X5 SUVs, up 20% YoY

Statistic 79

Mercedes-Benz Thailand produced 12,500 luxury vehicles in 2022, with E-Class and GLC leading

Statistic 80

Volvo Cars Thailand output was 8,000 units in 2022, primarily XC60 and XC90 SUVs

Statistic 81

In Q1 2023, Thailand's auto production totaled 512,000 units, up 15% YoY, driven by pickup segment

Statistic 82

Thailand's engine production reached 2.1 million units in 2022, with 1.5 million for pickups

Statistic 83

Auto parts production value in Thailand was THB 600 billion in 2022, employing localization of 75%

Statistic 84

EV production in Thailand started with 1,200 units in 2022 from Chinese firms, targeting 5% of total by 2025

Statistic 85

Stamping and forging capacity in Thailand hit 1.2 million tons in 2022 for body parts

Statistic 86

Welding robot installations in Thai plants reached 25,000 units by 2022, boosting productivity 30%

Statistic 87

Paint shop output capacity nationwide was 2.5 million vehicles equivalent in 2022

Statistic 88

Assembly line efficiency in Thailand averaged 92% in 2022, highest in ASEAN

Statistic 89

CKD kit imports for assembly fell to 15% of production in 2022 from 20% in 2020

Statistic 90

Thailand produced 450,000 commercial vehicles in 2022, including trucks and buses

Statistic 91

Passenger car production grew 4.5% to 615,000 units in 2022, led by sedans and hatchbacks

Statistic 92

Motorcycle production in Thailand was 3.2 million units in 2022, supporting auto ancillary chain

Statistic 93

Forged components output reached 500,000 tons in 2022 for transmissions

Statistic 94

Thailand's 2022 auto production included 1.8 million ICE vehicles and 5,000 hybrids

Statistic 95

Plant utilization rate averaged 85% across 50+ assembly plants in 2022

Statistic 96

In 2022, Thailand ranked 2nd in ASEAN for vehicle production with 1.84 million units after Indonesia's 1.5 million

Statistic 97

Suzuki Thailand produced 65,000 Swift and Carry vehicles in 2022

Statistic 98

Hino Motors Thailand output 25,000 trucks in 2022

Statistic 99

Great Wall Motor Thailand began production with 10,000 HAVAL SUVs in 2022

Statistic 100

In 2023 H1, production rose to 950,000 units, up 10% YoY

Statistic 101

Domestic sales of automobiles in Thailand reached 845,000 units in 2022, down 20% from 2021 due to economic slowdown

Statistic 102

Pickup trucks held 45% market share in 2022 with 380,000 units sold domestically, led by Toyota Hilux at 150,000

Statistic 103

Passenger cars sold 420,000 units in 2022, with Toyota Corolla Cross topping at 80,000 units

Statistic 104

Honda models accounted for 18% of 2022 domestic sales with 152,000 units, City at 70,000

Statistic 105

Isuzu D-Max sold 140,000 units in 2022, capturing 16.5% overall market

Statistic 106

Ford Ranger domestic sales hit 75,000 units in 2022, up 5% YoY

Statistic 107

Mitsubishi Triton sales reached 85,000 units in 2022, 10% market share in pickups

Statistic 108

Nissan Navara sold 45,000 units domestically in 2022

Statistic 109

MG brand sales surged to 65,000 units in 2022, 7.7% market share with ZS EV leading

Statistic 110

Toyota's domestic market share was 32% in 2022 with 270,000 units sold

Statistic 111

In Q1 2023, domestic sales recovered to 220,000 units, up 25% YoY

Statistic 112

SUV segment grew 15% to 250,000 units in 2022 domestic sales

Statistic 113

Sedan sales declined 30% to 120,000 units in 2022 amid SUV shift

Statistic 114

EV domestic sales reached 6,500 units in 2022, up 260% YoY, led by BYD Atto 3

Statistic 115

Hybrid sales hit 25,000 units in 2022, Toyota Corolla Cross Hybrid at 20,000

Statistic 116

Commercial vehicle domestic sales were 180,000 units in 2022

Statistic 117

Chinese brands captured 12% market share in 2022 with 100,000 units

Statistic 118

Used car sales in Thailand totaled 1.2 million units in 2022, value THB 400 billion

Statistic 119

Online auto sales platforms handled 15% of transactions in 2022, up from 5% in 2020

Statistic 120

Pickup registration renewals were 300,000 in 2022, indicating strong loyalty

Statistic 121

Luxury car sales above THB 5 million reached 12,000 units in 2022

Statistic 122

4WD vehicle sales grew 8% to 90,000 units in 2022

Statistic 123

Fleet sales to corporations were 150,000 units in 2022, 18% of total

Statistic 124

Women buyers accounted for 35% of new car purchases in 2022 survey

Statistic 125

Average vehicle price rose 7% to THB 850,000 in 2022 due to inflation

Statistic 126

Installment financing covered 85% of sales in 2022, average loan THB 700,000

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While Thailand's streets are often painted with the vibrant chaos of tuk-tuks and taxis, its true automotive might is measured in the millions of vehicles it builds for the world, standing firmly as a global manufacturing powerhouse.

Key Takeaways

  • In 2022, Thailand's total automobile production reached 1,843,799 units, including 1,265,456 pickup trucks and 578,343 passenger cars, positioning it as the 11th largest auto producer globally
  • Toyota Motor Thailand produced 786,000 vehicles in 2022, accounting for 42.7% of national output, with the Hilux pickup leading at 240,000 units
  • Honda Automobile Thailand manufactured 220,000 units in 2022, primarily the City sedan and CR-V SUV, up 12% from 2021 due to expanded capacity at Ayutthaya plant
  • Domestic sales of automobiles in Thailand reached 845,000 units in 2022, down 20% from 2021 due to economic slowdown
  • Pickup trucks held 45% market share in 2022 with 380,000 units sold domestically, led by Toyota Hilux at 150,000
  • Passenger cars sold 420,000 units in 2022, with Toyota Corolla Cross topping at 80,000 units
  • In 2022, Thailand exported 1,186,475 vehicles, valued at USD 20.5 billion, 2nd largest exporter after Japan
  • Pickup exports dominated with 950,000 units in 2022, 80% of total, to Australia and US
  • Toyota exported 450,000 vehicles from Thailand in 2022, mainly Hilux to 120 countries
  • Thailand's auto industry employed 450,000 direct workers in 2022 across 1,200 factories
  • Auto parts sector provided 350,000 jobs in 2022, 78% Thai nationals
  • Assembly plants employed 100,000 skilled workers in 2022, average wage THB 25,000/month
  • Auto industry FDI inflows reached USD 2.5 billion in 2022, led by Chinese EV makers
  • BOI-promoted auto projects: 150 with THB 500 billion investment by 2022
  • Great Wall Motor invested USD 1 billion in Rayong EV plant in 2022, capacity 80,000/year

Thailand's auto industry is a major global manufacturer and exporter dominated by pickup trucks.

Employment and Workforce

  • Thailand's auto industry employed 450,000 direct workers in 2022 across 1,200 factories
  • Auto parts sector provided 350,000 jobs in 2022, 78% Thai nationals
  • Assembly plants employed 100,000 skilled workers in 2022, average wage THB 25,000/month
  • Female workforce in auto industry was 35% or 157,000 in 2022, up from 30% in 2019
  • Engineers in auto sector numbered 50,000 in 2022, with 20% holding master's degrees
  • Vocational training graduates for auto reached 30,000 annually in 2022
  • Unemployment rate in auto sector was 2.5% in 2022 post-COVID recovery
  • Overtime hours averaged 20 per month per worker in 2022 due to export demand
  • Migrant workers from Myanmar/Laos/Cambodia: 50,000 in auto factories 2022
  • R&D staff in auto industry: 15,000 in 2022, focused on EV tech
  • Average age of auto workers 38 years in 2022, with 25% under 25
  • Labor productivity grew 8% to 45 vehicles per worker annually in 2022
  • Unions represented 40% of workforce in 2022, 180,000 members
  • Training investment per worker THB 10,000 in 2022 by firms
  • In Q1 2023, employment rose 3% to 463,500 amid EV shift
  • Welding technicians shortage: 5,000 positions unfilled in 2022
  • EV battery assembly jobs created 2,000 in 2022
  • Logistics workers in auto supply chain: 100,000 in 2022
  • Dealer network employed 80,000 in sales/service in 2022
  • Digital skills training reached 20,000 workers in 2022 for Industry 4.0
  • Injury rate in auto factories 1.2 per 100 workers in 2022, improved 15%
  • Foreign experts: 5,000 Japanese/others in management in 2022
  • Youth apprenticeship programs placed 10,000 in auto firms 2022
  • Wage growth 5% to average THB 22,000/month in 2022

Employment and Workforce Interpretation

Thailand's auto industry is a tightly-oiled machine of 450,000 people, where skilled hands and savvy minds are steadily driving it from a parts powerhouse into an electrified future, all while navigating a tricky road of labor shortages, evolving skills, and the persistent hum of overtime.

Exports and Imports

  • In 2022, Thailand exported 1,186,475 vehicles, valued at USD 20.5 billion, 2nd largest exporter after Japan
  • Pickup exports dominated with 950,000 units in 2022, 80% of total, to Australia and US
  • Toyota exported 450,000 vehicles from Thailand in 2022, mainly Hilux to 120 countries
  • Isuzu exported 180,000 D-Max pickups in 2022, top destination Australia 60,000 units
  • Ford Ranger exports reached 70,000 units in 2022 to Asia-Pacific and Middle East
  • Mitsubishi Triton exports totaled 75,000 units in 2022, strong in ASEAN
  • Honda exported 50,000 BR-V and HR-V from Thailand in 2022 to ASEAN markets
  • Nissan Navara exports were 35,000 units in 2022, primarily to Middle East
  • Auto parts exports value hit USD 12 billion in 2022, up 10% YoY
  • Vehicle exports to Australia were 250,000 units in 2022, 21% of total
  • Exports to US reached 100,000 pickups in 2022 under US-Thailand FTA benefits
  • ASEAN export share was 30% or 350,000 vehicles in 2022
  • EV exports began with 2,000 units in 2022 to neighboring countries
  • CKD exports value was USD 3 billion in 2022 for ASEAN assembly
  • In H1 2023, exports grew 5% to 600,000 units
  • Import of vehicles totaled 45,000 units in 2022, mostly luxury from Europe
  • Auto parts imports were USD 8 billion in 2022, mainly electronics from Japan
  • EU vehicle imports to Thailand 12,000 units in 2022, down due to tariffs
  • China vehicle imports surged to 20,000 EVs in 2022
  • Trade surplus in autos was USD 12 billion in 2022
  • Exports to Middle East hit 150,000 units in 2022

Exports and Imports Interpretation

Thailand has masterfully built an auto empire not on sedans but by betting the farm—quite literally—on the pickup truck, making its economy a roaring, high-value engine that Australia can’t get enough of and the world can’t ignore.

Investments and Economic Impact

  • Auto industry FDI inflows reached USD 2.5 billion in 2022, led by Chinese EV makers
  • BOI-promoted auto projects: 150 with THB 500 billion investment by 2022
  • Great Wall Motor invested USD 1 billion in Rayong EV plant in 2022, capacity 80,000/year
  • BYD Auto Thailand USD 500 million for EV production starting 2023
  • Toyota expanded hybrid capacity with THB 20 billion in 2022
  • Industry contribution to GDP: 12% or THB 1.8 trillion in 2022
  • Tax revenue from auto sector THB 300 billion in 2022
  • EV incentives attracted THB 100 billion investments by 2022 under BOI policy
  • R&D spending by auto firms THB 15 billion in 2022, 1% of revenue
  • Capacity expansion projects: THB 150 billion announced in 2022 for 500,000 extra units
  • Chinese investments totaled USD 3 billion cumulative by 2022 in autos
  • Economic multiplier effect: 2.5x from auto investments in 2022
  • Export value added 11% to manufacturing GDP in 2022
  • BOI certificates issued for auto: 20 new in 2022 with THB 80 billion
  • Local content ratio incentives boosted investments to 80% localization target
  • In 2023 Q1, new FDI pledges THB 50 billion for EV battery plants
  • Supply chain investments THB 100 billion in 2022 for parts localization
  • Digital transformation capex THB 20 billion in 2022 for smart factories
  • Sustainability investments THB 10 billion in 2022 for green manufacturing
  • Provincial economic impact: Eastern Seaboard 40% of auto GDP in 2022
  • Tourism linkage: auto test drives boosted 5% visitor spending 2022
  • SME suppliers received THB 50 billion loans in 2022 for auto chain
  • Patent filings in auto tech: 1,200 in 2022 by Thai firms
  • Infrastructure spend for auto logistics THB 30 billion in 2022
  • Overall economic value chain contribution 3.5 million jobs indirectly in 2022

Investments and Economic Impact Interpretation

Thailand is no longer just assembling cars for the world; it's strategically rewriting its own economic engine with a multibillion-dollar influx of Chinese EV capital and bold local incentives, turbocharging its GDP and job market while methodically upgrading from a traditional auto hub into a sophisticated, green-technology powerhouse.

Production Statistics

  • In 2022, Thailand's total automobile production reached 1,843,799 units, including 1,265,456 pickup trucks and 578,343 passenger cars, positioning it as the 11th largest auto producer globally
  • Toyota Motor Thailand produced 786,000 vehicles in 2022, accounting for 42.7% of national output, with the Hilux pickup leading at 240,000 units
  • Honda Automobile Thailand manufactured 220,000 units in 2022, primarily the City sedan and CR-V SUV, up 12% from 2021 due to expanded capacity at Ayutthaya plant
  • Isuzu Motors Thailand output hit 193,000 vehicles in 2022, with D-Max pickups comprising 85% at 164,050 units
  • Ford Thailand produced 85,000 Ranger pickups in 2022 from Rayong plant, achieving 98% localization rate
  • Mitsubishi Motors Thailand assembled 120,000 units in 2022, led by Triton pickup at 95,000 units, with new EV models in pipeline
  • Nissan Thailand produced 70,000 vehicles in 2022, focusing on Navara pickup and Almera sedan, down 8% due to chip shortages
  • BMW Thailand manufactured 15,000 units in 2022 at Rayong plant, including X3 and X5 SUVs, up 20% YoY
  • Mercedes-Benz Thailand produced 12,500 luxury vehicles in 2022, with E-Class and GLC leading
  • Volvo Cars Thailand output was 8,000 units in 2022, primarily XC60 and XC90 SUVs
  • In Q1 2023, Thailand's auto production totaled 512,000 units, up 15% YoY, driven by pickup segment
  • Thailand's engine production reached 2.1 million units in 2022, with 1.5 million for pickups
  • Auto parts production value in Thailand was THB 600 billion in 2022, employing localization of 75%
  • EV production in Thailand started with 1,200 units in 2022 from Chinese firms, targeting 5% of total by 2025
  • Stamping and forging capacity in Thailand hit 1.2 million tons in 2022 for body parts
  • Welding robot installations in Thai plants reached 25,000 units by 2022, boosting productivity 30%
  • Paint shop output capacity nationwide was 2.5 million vehicles equivalent in 2022
  • Assembly line efficiency in Thailand averaged 92% in 2022, highest in ASEAN
  • CKD kit imports for assembly fell to 15% of production in 2022 from 20% in 2020
  • Thailand produced 450,000 commercial vehicles in 2022, including trucks and buses
  • Passenger car production grew 4.5% to 615,000 units in 2022, led by sedans and hatchbacks
  • Motorcycle production in Thailand was 3.2 million units in 2022, supporting auto ancillary chain
  • Forged components output reached 500,000 tons in 2022 for transmissions
  • Thailand's 2022 auto production included 1.8 million ICE vehicles and 5,000 hybrids
  • Plant utilization rate averaged 85% across 50+ assembly plants in 2022
  • In 2022, Thailand ranked 2nd in ASEAN for vehicle production with 1.84 million units after Indonesia's 1.5 million
  • Suzuki Thailand produced 65,000 Swift and Carry vehicles in 2022
  • Hino Motors Thailand output 25,000 trucks in 2022
  • Great Wall Motor Thailand began production with 10,000 HAVAL SUVs in 2022
  • In 2023 H1, production rose to 950,000 units, up 10% YoY

Production Statistics Interpretation

Thailand's auto industry is not just an engine of production, but a towering monument to the pickup truck, where Toyota commands the throne and every other statistic is a loyal subject building toward an electrified, yet still utterly practical, future.

Sales and Domestic Market

  • Domestic sales of automobiles in Thailand reached 845,000 units in 2022, down 20% from 2021 due to economic slowdown
  • Pickup trucks held 45% market share in 2022 with 380,000 units sold domestically, led by Toyota Hilux at 150,000
  • Passenger cars sold 420,000 units in 2022, with Toyota Corolla Cross topping at 80,000 units
  • Honda models accounted for 18% of 2022 domestic sales with 152,000 units, City at 70,000
  • Isuzu D-Max sold 140,000 units in 2022, capturing 16.5% overall market
  • Ford Ranger domestic sales hit 75,000 units in 2022, up 5% YoY
  • Mitsubishi Triton sales reached 85,000 units in 2022, 10% market share in pickups
  • Nissan Navara sold 45,000 units domestically in 2022
  • MG brand sales surged to 65,000 units in 2022, 7.7% market share with ZS EV leading
  • Toyota's domestic market share was 32% in 2022 with 270,000 units sold
  • In Q1 2023, domestic sales recovered to 220,000 units, up 25% YoY
  • SUV segment grew 15% to 250,000 units in 2022 domestic sales
  • Sedan sales declined 30% to 120,000 units in 2022 amid SUV shift
  • EV domestic sales reached 6,500 units in 2022, up 260% YoY, led by BYD Atto 3
  • Hybrid sales hit 25,000 units in 2022, Toyota Corolla Cross Hybrid at 20,000
  • Commercial vehicle domestic sales were 180,000 units in 2022
  • Chinese brands captured 12% market share in 2022 with 100,000 units
  • Used car sales in Thailand totaled 1.2 million units in 2022, value THB 400 billion
  • Online auto sales platforms handled 15% of transactions in 2022, up from 5% in 2020
  • Pickup registration renewals were 300,000 in 2022, indicating strong loyalty
  • Luxury car sales above THB 5 million reached 12,000 units in 2022
  • 4WD vehicle sales grew 8% to 90,000 units in 2022
  • Fleet sales to corporations were 150,000 units in 2022, 18% of total
  • Women buyers accounted for 35% of new car purchases in 2022 survey
  • Average vehicle price rose 7% to THB 850,000 in 2022 due to inflation
  • Installment financing covered 85% of sales in 2022, average loan THB 700,000

Sales and Domestic Market Interpretation

Even with a 20% economic chill in 2022, Thailand's love affair with the pickup truck remained decidedly hot, as nearly half of all new buyers still chose a rugged bed over a sedan's trunk, proving that practicality, financed at 85%, is the ultimate luxury.

Sources & References