Thailand sees first car sales growth in 23 months in April

The Federation of Thai Industries (FTI) released data on May 22nd stating that domestic car sales in Thailand increased by 0.97% year-on-year in April, marking the first growth in 23 months. Despite this, car production and exports continued their downward trend. The data shows that car sales declined by 0.54% in March, but saw a slight recovery in April, indicating an improvement in local market demand.