vinny41

Car Insurance rules are changing for new cars 1st January 2025 for all cars 1st January 2026 Overhauling "car insurance" for the next 20 years, forcing name identification and calculating premiums based on risk “The reason why the OIC wants to adjust the terms and conditions of car insurance policies this time is to make the insurance premiums more in line with the behavior of each driver. In the future, the OIC will be able to collect more individual driving behaviors, and drivers who frequently have accidents should pay higher premiums. https://www.prachachat.net/finance/news-1711047

If the green mandates are enforced if anything its likely to increase the price of ICE vehicles its all about supply and demand when the EV subsidy was 1st launched in March 2022 there were people paying a price premium to take over someone else's place in the queue with delivery times of between 6-9 months

Price reductions this year are as a result of oversupply not newer tech coming on the market and as a result of the price reductions we are seeing an mismatch in EV car insurance Insurers are lowering the capital amount on EV due to price reductions but if the vehicles are involved in a major accident they are reaching the 70% amount of value and the cars are written off and insurance premiums are increasing due to the number of vehicles being written off because while the price reductions are a sales method to generate new sales the price of parts haven't reduced only 9 items are exempt from custom duties Boittom line is rebuilding a car that has suffered major damage from an accident is more expensive than buying a new one https://miceoss.tceb.or.th/en/customs-exempt-import-duties-on-electric-vehicle-components-or-electric-powered-vessels-with-batteries-for-9-items/

This article was published April this year and since then a number of EV manfacturers have filed for bankruptcy I think the article is correct by 2030 they will only be a small number of EV manfacturers left in China https://edition.cnn.com/2024/04/24/business/china-ev-industry-competition-analysis-intl-hnk/index.html Multiple Chinese electric vehicle (EV) companies have filed for bankruptcy or are struggling to stay in business, including: China Evergrande In August 2024, a local court ruled that two of China Evergrande's EV subsidiaries, Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong), must enter bankruptcy and be reorganized. This came after creditors filed for the proceedings. WM Motor In November 2024, the Chinese EV startup WM Motor filed for bankruptcy. WM Motor was one of the largest Chinese EV makers, selling around 100,000 vehicles between 2019 and 2022. HiPhi In February 2024, the high-end carmaker HiPhi halted production due to financial difficulties. In 2022, HiPhi only sold 4,520 vehicles. Singulato and Aiways More than 20 EV makers in China have left the market since 2020, including Singulato and Aiways.

If I remember correctly you paid B932K for you MG ZS EV 2 years ago in 2022 and your car is now worth B450k-B500K approx so you car has devalued between B482-B432K if we take the B482K reduction in value it will take 12 years to recuperate your existing deprecation to date with petrol savings of B40K per year Here the story of a small business owner that wishes he could turn back time BYD is very cruel to SMEs like us... Allow me to tell this story in case it is an example to those who are thinking of buying an electric vehicle, especially those who do small businesses like me. At the end of last September, the van I used to deliver was damaged beyond repair. At that time, I was very stressful. Because the car is like the heart of the business, we had to find a new one to use. At that time I think that electric cars could save energy cost and long-term maintenance. I choose BYD T3 because I think I want to support a clean energy car. I have seen it as a service car for many places. It looks reliable. But when I asked the price and the seller, I got the answer that it is 990,000 Baht. For a small business like me, it is a big amount of money. At that time, I have asked the salesperson that "Isn't there any promotion? "Sell confirmed that it doesn't have. Because it's a commercial car and it's the only electric train in the market. I decided that everywhere is needed. Let's try it. I bite my teeth, pay deposit, apply finance, pay 48 installments, interest 2.09% and get the car on 31 October. The money that I pay on the day of getting the car in the first installment is more than 300,000 Baht. But heartbreak comes so fast. Just less than 1 month, on the 1st December in Motor Expo, I saw BYD T3 announce the price reduction from 990,000 baht to 699,000 baht!!! Yes sir... Reduced for more than 300,000 baht. My hair almost fell down while standing up... 300,000 baht may seem small for a big company like BYD but for SMEs like me, this money is the payment of labor for several months, rent or even working capital that helps to boost the business in this economic period. I don't understand why companies don't inform or consider customers who buy first. Now, I feel like I am abandoned as a customer of SMEs. Small businesses like us who struggle every day. I have to face things like this again. The more I think about it, the more I feel sad. Let me leave this as a lesson for others. If you don't hurry to use the car, it's better to wait for the promotion period. Because if you buy it first, you may be in pain like me... https://www.facebook.com/groups/2389905174463399/posts/8837573906363128/ I must admit most I people know if buying a vehicle and there was an Motor show taking place in 4-6 weeks time would delay any purchase until the Motorshow offers have been published And in defence of the dealer and the brand dealers aren't aware of any price changes until the last minute as the potential of that information leaking out is to great dealer tells family member or friend don't buy this month wait until next month but I can't tell you why There have been many reports of sales people telling customers price will go up next month but normally that is a method used by sales people to try and close the deal If they don't know about price reductions they also don't know about price increases

Its more likely that an EV automaker will fold before any of the Japanese legacy automakers If you look at numbers the lion's share of the market is still for ICE vehicles

10 Dry Airlines That Don't Serve Alcohol https://www.alternativeairlines.com/blog/airlines-that-dont-serve-alcohol Last time I flew from Saudi back to the UK was flying British Caledonian 1987 rules in place at the time they weren't allowed to serve alcohol until they left Saudi airspace after that they would normally offer you double of whatever you asked for and after the meal service was finished they announce if anyone wanted alcohol additional alcohol just go to the back of the plane and you would be given whatever you wanted from the drinks cabinet If flying regular watch out for Ramadan as normally flights are cheaper during Ramadan until the end of Ramadan when they get expensive and normally full Gulf Airlines During Ramadan: What To Expect? https://onemileatatime.com/insights/airlines-ramadan/

OIC launches Insure Mall website, a center for insurance products, offering discounts of up to 35% and a chance to win an EV. https://www.prachachat.net/finance/news-1704193

interesting method of paying your dealers NETA Auto Thailand has poured into dealers, and has also paid incentives to dealers in the form of cars instead of money . https://www.thansettakij.com/motor/ev/615438

No Need to damage ASAP as the car in question is a MG4 with a lifetime warranty on the battery

Size and how deep mattress is will affected the price If you going down that natural latex mattress route it is possible to get a king size 6 inch mattress for under 10,000 baht if you shop around How does a real latex mattress look? not to be deceived But for the compressed rubber, it weighs about 2 times more than a real latex mattress Should buy a latex mattress with a zippered mattress cover. so that it can be opened to check whether the mattress in it is a rubber mattress or not https://www.cozylatex.com/post/ท-นอนยางพาราแท-ด-ย-งไง-ไม-ให-โดนหลอก If mattress is real natural latex mattress (injected molded) it is possible to lift each corner of the mattress with one hand. Largest single width of single piece of natural rubber is 6 inches if you require more they single join the pieces together A 6 inch natural latex mattress should weight approx 60-70 kilos There is a youtube video of a Thai buying a very firm normal mattress no zip so unable to see content fillings it was very firm because when opening it up it contain 10 bricks to increase the mattress weight Its important on latex mattress to find out the density rating the higher the density the more firmness Extra firm density rating is 110+ firm is between 90-95 anything below 80 is considered soft Some stores suggest if body weight is 300lbs or above extra firm density is more suitable

August 2023 In the beginning, EV buyers were high-purchasing power buyers, resulting in easy approval for EV buyers in the beginning. However, the group has now expanded to include combustion engine users in the energy-saving (eco-car) and multi-purpose (SUV) groups, some of whom have been affected by high household debt and have an impact on loan approval. Mr. Bao Zhuangfei, General Manager of NETA Auto (Thailand) Co., Ltd., revealed that in the past 2-3 months, the electric vehicle (EV) market in Thailand has slowed down significantly due to the high household debt situation and the continuously increasing non-performing loans rate in the system. As a result, financial institutions have become stricter, causing NETA's loan rejection rate, which is normally 5-10%, to increase to 20%. https://www.pptvhd36.com/automotive/news/203375 I don't recall any major price reductions on EV's in 2023 other than B50K reduction on Neta V in October 2023 I assume that reduction was due to Neta V sales going to Byd Dolphin in September and October 2023 Registrations numbers for Neta V dipped in September and October 2023 after Dolphin was launched July 2023 https://autolifethailand.tv/total-ev-bev-register-2023-thailand/ If we look at EV prices for 2023 ranging from B400k to B1.6million from the major EV brands in Thailand and split the sectors into 2 sections B700K and below B700K and above Neta V and Dolphin have a combined market share of 29% of all EV's registered in 2023 The Bank of Thailand explains that the reason for the decline in car loans is due to the deteriorating quality of borrowers, not banks becoming stricter. . According to the latest data, the 1.55% decrease in car hire-purchase loans in Q1/2024 slowed down more than other types of loans. It was also found that loan rejections increased. However, this is believed to be due to the quality of the borrowers themselves, not due to the tighter lending of banks. Meanwhile, used cars are under great pressure. The falling prices of used cars have caused the market to stagnate because there is usually a group of buyers who buy new cars by trading in their old cars to get money to pay off the new car. Therefore, when used cars are sold at low prices, buyers have to pay more to buy new cars. Therefore, the ability to buy new cars is reduced. https://www.infoquest.co.th/2024/409298

There was 76,314 EV registrations in Thailand for the whole of 2023 , the number of EV sales is approx 90,000 as we can see by Autolife reporting January 8th 2024 which doesn't include EV sales made in December 2023 https://autolifethailand.tv/total-ev-bev-register-2023-thailand/ The registration of electric vehicles in Thailand has seen a remarkable increase, quadrupling to almost 90,000 units per year, which accounts for around 10% of the country’s total vehicle sales https://www.thailand-business-news.com/china/142274-chinese-automakers-are-ramping-up-electric-vehicle-production-in-thailand

2023 Neta V 36,000km opening price B270K https://www.facebook.com/groups/437576785036424/permalink/1133777235416372

And that has 7 digits in the price tag starting with a 1 have you seen any with a 6 digit price tag starting with a 1

I yet to see any Byd seals for sale with a 6 digit price tag starting with a 1 There were MG EV listed at auction yesterday with a 6 digit price tag starting with a 3 and one Neta V 2023 model listed at B220k however we don't know what the final price was if it was sold https://www.facebook.com/photo?fbid=122157410414280437&set=pcb.8767107270076459

I never stated B200K I posted B200K+ and there are 1 year old cars in both Facebook and one2car that start with a 2 number There are people looking for Neta V in the facebook group price ranging from B200-B280K there are people selling with mumbers that start with 2

Bad idea to state that you are leaviing the country as you will only receive lowball offers to take the car off your hands as you are desperate

Neta V 2 is sold for 425K new the last of the Neta V 1 were being offered for B369K new or B200K+ for a 1 year old car

Most Brands tend to operate their dealer network through existing franchises rather than their own dealer network yes they will own a couple of showrooms themselves BYD makes a profit of 15,400 USD on BYD Seal U in Europe, compared to 1,400 USD in China. This means BYD makes 14,000 USD more profit, referred as EU premium, on every Seal U model sold in the EU, according to a report by Rhodium Group https://carnewschina.com/2024/06/13/byd-profit-in-eu-is-10x-higher-than-in-china-and-even-with-new-30-tariffs-still-makes-5000-usd-per-vehicle-report-says/

but more profit for Byd cars in the UK seal cars sell for between B1.9 million - B2.1 million even when you take off the 10% tarrifs and the additional shipping costs more profit selling to the UK than Thailand

Suzuki launching e Vitara ( BEV) next year in Thailand https://www.car250.com/suzuki-e-vitara-th-new.html

One person in one of the brand facebook groups has placed reservations for 5 of the same model as the brand in question announced last week that after the motor show closed they wouldn't be accepting any new reservations until January 2025 When EV 3.0 subsidy was announced in 2022 and there was long waiting lists for EV sometimes 9+ months there were people selling their reservations for a profit the price depended on colour of vehicle and the reservation raking (How close they were to getting their vehicle) of the seller I assume they will be a market for people willing to buy an existing reservation rather than wait until January 2026

BYD and SAIC pressure suppliers to drop prices by 10% in ongoing price war https://carnewschina.com/2024/11/27/byd-and-saic-pressure-suppliers-to-drop-prices-by-10-in-ongoing-price-war/ 15% Cost saving to Byd on Blade 2 battery and 10% cost saving on other parts total cost savings 25% it will be interesting to see what % of costing savings will be passed on to end customers

You might want to check with Byd that they are okay with you picking up the car in January as they have specified dates in their current offer and if they are get written confirmation don't just accept a verbal confirmation Campaign Participation Criteria For customers who reserve and purchase BYD cars within the campaign period and receive a BYD car purchase tax invoice issued from 28 November 2024 to 31 December 2024 (“Car Pickup Period”) only. Campaign benefits details Customers who participate in this campaign will receive benefits as detailed below: For the NEW BYD ATTO 3 MY24 electric car Special interest rate 1.98% for 25% down payment, 48-month installments Only for customers who have been approved for a loan by participating financial institutions between 28 November 2024 and 15 December 2024. https://www.reverautomotive.com/en/news/mte2024-campaign And check with dealership if Atto 3 will come with The free Rat Guard modification of do you need to make a service booking to install the free Rat Guard modification