Isuzu D-Max Archives | Focus2Move

Thailand 2023. BYD Up 23 Spots In Vehicle Market Up 7.4% In October

carlo — Sat, 25 Nov 2023 16:00:35 +0000

Thailand Vehicles Market in October 2023 grows 7.4% with 48,314 new registrations. YTD figures at 566,166 are up 4.0% from the prior year. BYD rises 23 spots into the Top 10.

Market Trend and Outlook

Thailand’s Vehicle Market in October 2023 grows 7.4% with 48,314 new registrations. YTD figures at 566,166 are up 4.0% from the prior year.

Looking at cumulative data up to October 2023 brand-wise, the leader remains Toyota with 241,780 sales (-0.8%) followed by Honda at 82,707 (+6.6%), Ford at 37,609 (+28.3%) and Mitsubishi with 34,867 registrations (-21.0%).

MG secures 5th position with 24,268 sales (-5.8%), in front of Mazda at 20,615 (-36.6%) and BYD -up 23 spots- with 20,615 sales.

Nissan ranks in 8th spot with 16,694 registrations (-27.5%), followed by Suzuki with 13,655 sales (-25.2%) and BMW closing the top 10 with 12,217 registrations (+9.3%).

Looking at specific models the Isuzu D-Max remains the best seller despite losing 24.5% in year-on-year volume, followed by the Toyota Hilux down 17.6% from the previous year.

Medium-Term Market Trend

The vehicles market in Thailand has had many ups and downs in the past years. The market moved from 756,446 sales in 2010 to 1.44 million in 2012. While the trend inverted in the following year, initiating a downtrend that would continue until 2016 where it reached a low of 769,623 sales. 2017 and 2018 were years of recovery were the market grew back up to 1.04 million.

Following an 8.8% drop in 2019, the arrival of the pandemic caused the market to collapse further, reaching the lowest levels of the decade at 737,244 sales.

Thailand’s vehicles market remained relatively static in 2021 falling only 0.3%. While finally in 2022 showed signs of recovery, with volume rising 10.8% to 628,423.

The momentum gained in 2022 continues into 2023, with the first months posting positive performances. Despite the strong start to the year, the vehicles market will have to confront some issues within automotive industry: mainly the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.

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Thailand 2022. Vehicle Market First Strong Year After Covid Driven Collapse

Matteo Severi — Fri, 13 Jan 2023 14:00:45 +0000

Thailand Vehicles Market in 2022 totals 628,423 sales, a 10.8% growth from the prior year. December with 36,144 new registrations (+4.2%) marks the 11th consecutive increase of the year.

Market Trend and Outlook

In December vehicles sales in Thailand grow for the 11th month in a row with 36,144 new registrations (+4.2%). 2022 closes 10.8% higher than the prior year, totaling 628,423 sales. This is the first strong year after the collapse of the market during the pandemic.

Looking at cumulative data from 2022, brand-wise the top 4 remain unchanged with Toyota in pole position at 282,672 sales (+15.2% ) followed by Honda at 87,664 (+4.0%), Mitsubishi at 50,767 (+3.8%) and Mazda with 36,675 registrations (+1.0%).

Ford -up 1 spot- secures 5th position with 35,714 sales (+11.1%), in front of MG -up 1 spot- at 29,501 (+0.9%) and Nissan -down 2 spots- with 25,918 sales (-21.0%).

Suzuki maintains 8th spot with 20,800 registrations (-6.5%), followed by BMW with 13,180 sales (+32.0%) and Mercedes closing the top 10 with 12,863 registrations (+30.2%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.

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Thailand 2021. Toyota Is The Undiscussed Leader In Market Down 0.2% This Year

neri cavini — Wed, 12 Jan 2022 09:53:54 +0000

Thailand’s vehicle market in 2021 falls by just 0.2% with 734,372 sales, reporting a positive performance only in Q2, followed by a double-digit fall in the second part of the year. Toyota remains the undiscussed leader, holding over 40% market share.

Market Trend

Thailand’s car market this year attempted ineffectively to recover from the pandemic crash of 2020 and after a neutral performance in Q1 reported positive performance only in Q2 due to the very low levels reached in Q2 2020, in the second half sales remained down in double-digits.

Crucial for the country and producing over 1 million vehicles per year, the vehicle market started coming out from a really harsh period in 2017.

Indeed a “crazy” government incentive run in 2012 had generated a big bubble of sales with doubling 2012 sales at the record volume of 1.43 million (including HCVs) followed by a fall to a minimum of 768,000 units in 2016, more or less the same level of 2011. Recovery started in 2017 when the market was positively impacted by the possibility, after 5 years of ownership, to re-sell vehicles purchased during the “first car buyers” 2012 incentive campaign.

The market grew 13.4% in 2017 with 871,644 units, holding the impressive pace also in 2018, with sales at 1,041,739 (+19.5%). In 2019, according to data released by the Thai Automotive Industry Association, the market has pushed the breaks, reporting a flat performance with total sales at 1,040,123 (-0.2%).

Sales in 2020 have fallen by 25.9% due to the COVID-19 pandemic. In fact, 771,141 units have been sold.

In 2021 the year started almost flat for the Thai market, in fact, in Q1 233,668 units have been sold, reporting a 0.8% decrease in sales compared to Q1 2020, while in Q2 sales started growing quickly, reporting a 33.5% increase in sales with 195,838 units due to the incredibly low volumes in Q2 2020.

In Q3 sales started dropping in double-digits again, losing 12.3% sales with 156,868 units, and in Q4 sales fell 15.3% with 147,998 units.

Indeed, Full-Year sales for 2021 have been 734,372, reporting a 0.2% decrease compared to 2019.

Thailand quarterly sales variations

Brand-wise, this year the leader Toyota (+3.2%) gained 3.3% market share, followed by Honda (-12.2%), which lost 1.3% share. Mitsubishi lost 0.8% share, falling 12.5%. Mazda reached 4th place (-10%), followed by Nissan -down 1 spot- which fell 23.4%.

Ford gained 8.4%, followed by MG which rose 13.9% and reported the best performance, and Suzuki which gained 1.5%. Closing the leaderboard we have BMW -up 1 spot- losing 6.1% this year and Mercedes -down 1 spot- losing 17.1%.

The most sold vehicle this year remains the Isuzu D-Max (+14.5%) with 149,104 units sold, followed by the Toyota Hilux, which gained 4.6% registering 130,855 new sales this year. The Honda City (+40.6%) closes the podium by jumping 1 spot and reports 42,485 new units sold.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Groups and top 10 Models.

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Thailand 2020. MG is the only growing brand (+6.5%) in market down 25.9%

neri cavini — Thu, 18 Feb 2021 14:52:02 +0000

Thailand vehicle market in 2020 increases decreases sales by 25.9% as the pandemic and restrictions affect the entire world. Full-Year sales have been 771.141, while MG was the only brand on the leaderboard to report growth (+6.5%).

Market Trend

The Thailand vehicles market was hit harshly in 2020 as the global pandemic has impacted sales tremendously.

Crucial for the country and producing over 1 million vehicles per year, it started coming out from a really harsh period in 2017.

Indeed a “crazy” government incentive run in 2012 had generated a big bubble of sales with doubling 2012 sales at the record volume of 1.43 million (including HCVs) followed by a fall to a minimum of 768.000 units in 2016, more or less the same level of 2011. Recovery started in 2017 when the market was positively impacted by the possibility, after 5 years of ownership, to re-sell vehicles purchased during the “first car buyers” 2012 incentive campaign.

The market grew 13.4% in 2017 with 871.644 units, holding the impressive pace also in 2018, with sales at 1.041.739 (+19.5%). In 2019, according to data released by the Thai Automotive Industry Association, the market has pushed the breaks, reporting a flat performance with total sales at 1.040.123 (-0.2%).

After starting the year with the only positive month (+13.1%), the market quickly collapsed in March as the virus struck. The sharpest drop in sales this year was in May when sales declined by 52.4%.

In the following months, the market did not recover sufficiently, in fact, the market remained down in double-digits for the rest of the year, ending in December down 31.1%.

Indeed, Full-Year sales for 2020 have been 771.141, reporting a decline of 25.9% compared to 2019.

Thailand monthly sales variation 2020

Brand-wise, this year the leader Toyota (-21.7%) gained 1.8% market share, followed by Isuzu (-17.8%), which gained 1.9% share. Honda gained 0.7% share, falling 21.8%. Mitsubishi remained in 4th place (-36.4%), followed by Nissan -up 2 spots- which fell 31.7%.

Mazda lost 35.7%, followed by Ford -down 2 spots- which registered the worst performance by losing 52.8%, and MG which on the other hand was the only brand to report growth (+6.5%). Closing the leaderboard we have Suzuki losing 9.0% this year and Mercedes entering the leaderboard and losing 17.6%.

The most sold vehicle this year has been the Isuzu D-Max (-4.8%) with 136.450 units sold, overtaking the Toyota Hilux, which lost 14% registering 131.293 new sales this year. The Toyota Yaris (-22.4%) closes the podium by jumping 2 spot and reports 32.840 new units sold.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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Thailand 2019. Toyota holding 30.8% while the market ran out of steam

carlo — Tue, 28 Jan 2020 20:26:35 +0000

Thailand vehicles market in 2019 has reported a flat performance, after two consecutive years of growth. Indeed, Total sales in 2019 have been 1.040.123 (-0.2%). The historic leader Toyota ended to 30.8% of market share, keeping a wide distance from Isuzu and Honda, while Nissan crumbled at 6.2%.

Economic Environment

Thailand economic growth appeared to remain downbeat in the final quarter of 2019. Agricultural output continued to contract in October–November, albeit at a softer pace compared to the third quarter, while manufacturing production plunged in the same period. Consequently, exports fell at a sharper pace in the quarter. More positively, private consumption growth strengthened in October–November, which should have buttressed the economy somewhat.

While the manufacturing PMI registered an overall improvement in the sector in December, business sentiment and consumer confidence remained depressed in the same month. Meanwhile, the government’s budget passed the lower house on 15 January, which should see greater fiscal stimulus and a focus on infrastructure investment.

Market Trend

In 2019, according to data released by the Thai Automotive Industry Association, the market has pushed the breaks, reporting a flat performance. Indeed, Total sales in 2019 have been 1.040.123 (-0.2%).

In the competitive landscape, the market is under the domain of Toyota. Indeed, the Thailand’s historic leader ended to 30.8% of market share, keeping a wide distance from Isuzu and Honda, which are seen to end the year with respectively 17.1% and 12.4% of share.

Behind, in recent years Nissan has lost terrain from the top of the ranking, declining from 10.4% in 201o to 6.2% in 2019.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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Tunisia 2018. Duties dragged down the market

carlo — Fri, 01 Feb 2019 11:06:11 +0000

Tunisian Vehicles Sales went down 17.4% in the 2018 hit by the introduction of new duties, ending the full year at 52.601 units sold. Isuzu is market leader followed by Citroen, while Renault kept the 3rd place few units ahead of Peugeot.

Economic Environment

Tunisian economy is sustained by the strong tourism and a good performance from the agricultural sector, although the large trade deficit remains a key source of concern. Despite having unlocked loans worth USD 747 million from the IMF and the World Bank in recent weeks, on 8 October Moody’s downgraded Tunisia’s outlook to negative, citing the country’s rapidly depleting foreign exchange reserves.

Tunisia’s prospects are riddled with challenges this year. The country’s main vulnerabilities—large fiscal and current account deficits coupled with low foreign reserves—are notably compounded by political instability and unrest, fueled by high unemployment and inflation.

Market Trend

Tunisian domestic vehicles market has fast grown in the recent years ending a positive trend in the 2018, when the introduction of duties have hit severely the official market.

Indeed the market have hit the all time record both in the 2016 and in the 2017 (63.678 sales) even not considering the high quota of grey market, estimated in the range of 15%. However, the government decision to increase the duties on import, effective since January 1st 2018, obtained the result to block the market development and even to move the trend in a negative pathway with 2018 sales at 52.601 (-17.4%).

Brand-wise, the 2018 market leader was Isuzu with 7.178 sales (+1.2%) and 13.6% of market share. In second place Citroen with 4.518 (-19.7%) followed by Renault with 3.647 (-27.4%), Peugeot with 3.617 (-16%), Kia with 3.470 (-20.7%) and Volkswagen with 3.377 (-27.9%).

Tables with sales figures

In the tables below we report sales for Top Brands

[/member

Market	Sales 2014	Sales 2015	Sales 2016	Sales 2017	Sales 2018	'+/- 2018
Car	48.264	42.000	41.651	46.123	36.388	-21,1%
LCV	5.226	15.640	18.867	17.555	16.213	-7,6%
Total	53.490	57.640	60.518	63.678	52.601	-17,4%

ship]

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Thailand 2018. Car market booming 21.9%

carlo — Sun, 20 Jan 2019 21:26:52 +0000

Thailand vehicles market kept the outstanding momentum in 2018 signing the second consecutive annual growth, with registrations at 850.012 (+21.9%). Toyota, the market leader with 30.2% of market share, is followed by Isuzu and Honda.

Economic Environment

Following a moderation in the pace of growth in the third quarter of 2018, the economy should have accelerated in the final quarter on the back of rising private consumption. Indeed, in October–November, annual private consumption growth remained broadly unchanged from the multi-year high averaged in the second quarter.

Although economic growth is expected to moderate somewhat this year, it should nonetheless remain robust. Growth in fixed investment and public consumption is likely to pick up pace, while private consumption growth should remain solid.

A possible flare up in the U.S.-China trade spat following the end to the temporary truce would dim prospects, while rising tensions leading up to the general election present a further downside risk.

Market Trend

A recovery started just in the 2017, positively impacted by the possibility, after 5 years of ownership, to re-sell vehicles purchased during the “first car buyers” 2012 incentive campaign. Indeed according to data released by the Thai Automotive Industry Association the 2017 total vehicles sales have been 871.644 (+13.4%).

In the 2018 the Thai market improved again. The marked signed a second consecutive annual gain, ending with registrations at 850.012. After keeping a positive trend during the entire year, sales have increased by 21.9% from last year.

Competitive Arena

Brand-wise, the usual dominator of the market, Toyota is on top of the 2018 ranking with 30.2% of market share and sales up 31.3% at 314.498 units, celebrating the 10 million units locally produced milestone, reached in July this year.

Isuzu was second with 177.864 units (+10.8%) followed by Honda with 128.290 (+0.4%), Mitsubishi with 84.563 units (+21.3%), Nissan with 72.394 (+21.2%), Mazda with 70.475 (+37.2%), Ford with 66.064 (+17.6%), Suzuki with 28.503 (+14%) and MG with 23.740 (+97.6%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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Thailand 2017. Toyota down in a market recovering 13%

carlo — Sun, 28 Jan 2018 07:00:48 +0000

Thailand vehicles market in 2017 started to recovered having bottomed down the long crisis. Sales improved 13.4% despite the leader, Toyota has lost. Several brands reported substantial performance, including the Europeans Volvo and Volkswagen.

Thai economic remains caught between a strong external position, underpinned by a large current account surplus, and a fragile domestic economy. Export growth reached a multi-year high in August, indicating healthy demand for Thai goods.

Despite solid import growth, private consumption remains sluggish as high household debt and weak jobs growth eat into consumers’ pockets. Manufacturing output, on the other hand, beat annual growth expectations in August, seemingly putting an end to its hitherto volatile growth trajectory.

Brand-wise, the market is dominated by Toyota that in the year sold 239.551 vehicles (-2.0%) losing share at 27.5%.

Isuzu was second with 160.550 units (+12.1%) followed by Honda with 127.678 (+19.0%), Mitsubishi with 69.737 units (+25.9%), Nissan with 59.709 (+39.9%), Ford with 56.156 (+37.1%), Mazda with 51.355 (+20.7%) and Suzuki with 25.011 (+9.2%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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Thailand 2016. MG shines & Volkswagen falls in a moderate declining market

carlo — Mon, 06 Feb 2017 05:00:43 +0000

Thai Auto sales 2016 moderately down as consequence of the almost negative fourth quarter. The market is declining since four years. The Chinese MG is gaining terrain, while Volkswagen dropped.

Market Outlook

Thailand saw moderate activity in 2016, with subdued private investment and manufacturing virtually stagnating for the second consecutive year. There is a silver lining as recent indicators suggest a slight uptick in activity in Q4: exports rebounded strongly in November and manufacturing growth rose at a multi-year high, lifting the subpar annual performance. FocusEconomics panelists project that the economy will expand 3.2% in 2017, which is unchanged from last month’s estimate. For 2018, the panel expects growth of 3.3%.

Despite the vehicles sales declined in the first quarter and then in double-digit in the last, the domestic vehicles market in 2016 reported a moderate drop down, the fourth in a series.

Instead according to data released by the T.A.I.A, the Thai Automotive Industry Association, annual figures stand at 767.899 units (-4.1%). Now the Thailand’s market ranks as 19th place, up one spot, due to the shortfall of Saudi Arabia.

Competitive Arena

Toyota was the brand leader with 244.317 units (-7.9%) ahead of Isuzu and Honda respesctively down 0.8% and 4.3% at 143.170 and 107.342. Good performance were reported for Subaru, Dongfeng, Ford, Hino, Mazda and Suzuki, while the best performer in absolute was the surprisingly MG, the Chinese brand controlled by SAIC, up 120.1%.

Volkswagen posted the worst performance losing 77.1%, followed by Volvo, Mitsubishi Fuso, Nissan, Chevrolet, Hyundai and BMW.

The best-selling model was the Toyota Hilux with 120.444 units (-6.4%) ahead of the Isuzu D-Max with 120.009 (+1.1%) and the Ford Ranger with 30.869 (+29.2%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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Tunisia 2016. New all time record!

carlo — Wed, 01 Feb 2017 11:00:15 +0000

Tunisia Auto Sales 2016 at the new all time record, the third in a row, albeit the end of the year was shy, with the fourth quarter down. Isuzu shines on top of the ranking.

Market Outlook

The latest data for Q3 GDP growth point to a feeble Tunisian economy. Economic activity slowed down from the same quarter of the previous year mainly due to a higher-than-expected downturn in the agricultural sector, in particular in the key olive industry. Moreover, industrial production was almost stagnant in the three months to September, since poor demand from the EU and continuous labor unrest are hampering important industrial sectors.

The government’s inclusion of severe austerity measures in the 2017 budget, which was passed at the end of 2016, has exacerbated social and political turmoil in the country.

However, the domestic new vehicles market kept the positive path, albeit a weak Q4 performance, ending the 2016 at the new all time record, the third in a row.

Indeed, according to the data release by the local Association of Car Distributors, total vehicles sales had been 59.845, up 8.2% from the previous record.

In addition to this “official” data, the parallel import kept robust with over 6.000 of new vehicles imported, mainly for European brands.

Competitive Arena

Market leader was Isuzu, with 6.064 sales (+61.5%), grabbing the leadership just in the last quarter to the former leader, Volkswagen, arrived second with 6.016 sales (+10.6%). Third was Kia with 5.367 (+27.3%)

In fourth place Citroen with 5.290 sales (-46.4%) ahead of Peugeot with 4.690 (-10.7%), Renault with 4.303 (+1.8%) and Hyundai with 3.706 (+22.2%).

As far as the Groups performance, the leader was PSA with 17.6% of market share, ahead of Volkswagen with 15.6%, Hyundai-Kia with 15.1% and Renault-Nissan with 12.8%.

As far as the best-selling models performance, the Isuzu D-Max led the competition with 4.807 sales (+48.1%) followed by the Volkswagen Polo with 1.951 (-5.9%), the Kia Picanto with 1.518 (+94.4%), the Volkswagen Golf with 1.352 (+12.1%) and the Renault Clio with 1.314 (-7.4%).

Tables with sales figures

In the tables below we report sales for Top Brands

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