Thailand's domestic car sales rose 12.1 per cent to 95,082 cars in March from a year earlier, boosted by Bangkok Motor Show and improving public and private investment, the FTI said on Wednesday.
The Federation of Thai Industries has forecast domestic car sales of 900,000 vehicles this year after a 13.4 per cent jump in 2017, which was the first annual increase in five years.
Annual domestic car sales contracted during 2013-2016, following the end of a government car subsidy scheme in 2012, when sales surged 81 per cent, reports Reuters.
In March, car exports increased 4.7 per cent year-on-year to 110,946 vehicles. The FTI forecasts car exports at 1.1 million this year after 1.14 million cars exported last year.
Thailand is a regional vehicle production and export base for the world's top carmakers. The auto industry accounts for about 12 per cent of Southeast Asia's second-largest economy.
