Thailand Automotive Sales Declined in H1 2024, Toyota Maintains Market Share Lead

2024/07/30
Production & Sales
-
Malaysia
Thailand
In the first half of 2024, Thailand's total vehicle sales reached 308,027 units, marking a 24.2% decrease compared to the same period last year. Passenger car sales stood at 119,326 units, down 19.4% year-on-year; commercial vehicle sales were 188,701 units, down 26.9%; and cumulative sales of 1-ton pickup trucks were 108,437 units, reflecting a significant 40.7% year-on-year decrease. Toyota secured a 37.7% market share with a total of 116,278 units sold, especially dominating the 1-ton pickup truck market with a 45.8% share from 49,689 units sold. Toyota also sold 30,714 hybrid electric vehicles (HEV), accounting for 28.3% of total xEV sales, indicating consumer confidence in Toyota vehicles.
Click original text link for more information
Toyota
Hot News
Mercedes-AMG GT SUV World Premiere – First Native Pure EV High-Performance SUV
Mercedes-AMG unveiled the AMG GT SUV at its 140th anniversary celebration in Stuttgart – the brand's first native pure EV high-performance SUV since becoming independent, built on the exclusive AMG.EA platform. Positioned as a mid-to-large pure EV high-performance SUV, it directly targets the Porsche Cayenne Turbo Electric, with global deliveries starting in early 2027. Three variants are offered: GT 63, GT 55 and GT 53. The GT 63 and GT 55 use three axial-flux motors (1 front, 2 rear) producing a combined 860kW (1,169HP) with ~2,000Nm torque, achieving 0-100km/h in ~2.5s and 0-200km/h in 6.8s at 270km/h top speed. Battery options are 106kWh and 128kWh with 800V architecture delivering up to 700km WLTP range, and 710kW charging adds 450km in just 10 minutes.
2027 Tank 500 to Launch on October 23, Equipped with Coffee Pilot 4.0 ADAS System, Up to RMB 12,000 Pre-order Exclusive Benefits Available
The 2027 Tank 500 is set to launch on October 23, with pre-orders now open. Buyers can enjoy a RMB 3,000 deposit discount for RMB 9,000 off the final payment, plus exclusive optional benefits worth up to RMB 12,000. The new model adds the exclusive Danxia Red exterior color, is equipped with the Coffee Pilot 4.0 ADAS system, and offers three powertrain options: Hi4-T, Hi4-Z and 3.0T fuel version, further enhancing its hardcore off-road attributes.
M-Hero X700 to Launch on October 25, Pre-sale Starts at RMB 249,800, Full-stack Huawei Qiankun Smart Driving Equipped
Dongfeng M-Hero officially announces that the M-Hero X700, a mid-size PHEV SUV co-developed with Huawei Qiankun, will be launched on October 25 with pre-sale price range of RMB 249,800-289,800. It is equipped with Huawei Qiankun ADS 5 intelligent driving system and HarmonyOS cockpit, featuring industry-first off-road NCA navigation assist, targeting both urban commuting and light off-road scenarios.
4
Luxeed Gets Independent Vehicle Manufacturing License, Plans IPO
China's MIIT released the 412th batch of road motor vehicle producer and product announcements, with Anhui Zhijie New Energy Vehicle Co., Ltd. on the list. After the announcement period, Luxeed will be approved for independent vehicle manufacturing qualification, allowing it to independently declare vehicle models, manufacture vehicles and bear legal responsibility without relying on Chery as a contract manufacturer. The production address remains unchanged, with capacity transferred from Chery to Zhijie. The independent qualification enhances the company's financing valuation and supply chain autonomy, supporting plans for a future IPO.
5
IM Motors Launches Pre-Double 11 Limited-time Purchase Campaign, Offering RMB 10,000-20,000 Cash Discount, LS8 NEO EV to Launch in October
On October 19, IM Motors officially launched the "Pre-Double 11 Super Benefit" limited-time purchase campaign. Designated in-stock units of LS6, LS8 and LS9 extended-range models enjoy RMB 10,000-20,000 cash discount, with multiple worry-free packages and 0 down-payment 0-interest financial plans. The campaign runs until October 31. The brand's September sales hit 11,107 units, up 81.8% month-on-month, and the all-new mid-large SUV LS8 NEO EV will be launched within October.
6
iCAR V25 Officially Opens Pre-sale, Priced from RMB 139,800, Mid-size Range-extended SUV Equipped with 560TOPS Intelligent Driving Computing Power
On October 19, Chery iCAR V25 officially opened pre-sale with 4 variants priced from RMB 139,800 to 175,800. Positioned as a mid-size range-extended SUV, it inherits the brand's retro boxy design, equipped with Horizon Journey 6P chip and Falcon 700+ intelligent driving system, supporting full-scenario navigation assist for both urban commuting and light off-road scenarios.
Copyright © RUNTO TECH LIMITED. All rights reserved.