FX.co ★ Thailand Car Sales Hit Near 3-Year High

In December 2025, Thailand's domestic car sales experienced an impressive year-over-year surge of 39.07%, reaching a near three-year peak of 75,121 units. This rise, prominently driven by strong demand for electric vehicles, coincided with the conclusion of the EV 3.0 incentive program, as reported by the Federation of Thai Industries. Throughout 2025, sales increased by 8.47%, culminating in a total of 621,166 units sold. Meanwhile, car production also saw an 8.56% year-over-year increase in December with 113,855 units produced, as manufacturers ramped up electric vehicle output to offset earlier imports under government incentives. Despite this growth in December, overall vehicle production for 2025 saw a slight decline of 0.9%, totaling approximately 1.46 million units. Looking forward to 2026, the federation anticipates a 3% increase in output, aiming for 1.5 million units, with 550,000 designated for the domestic market and the remainder destined for export. December also saw a robust 11.29% year-over-year increase in Thailand's car exports, totaling 84,963 units, driven largely by a significant rise in hybrid EV shipments. However, there was a full-year decline in exports by 8.19%, totaling 935,750 units.