More than 1.5 million new vehicles registered in the first half of 2018

[webfact]

More than 1.5 million new vehicles registered in the first half of 2018

 

 

BANGKOK, 30th July 2018, (NNT) - According to the Department of Land Transport (DLT), car owners registered more than 1.5 million new vehicles in the first half of 2018. 

Deputy Director-General of the DLT Jongrak Kitsamrankhun says that the total number of vehicles registered from January to June 2018 under the 1979 Vehicle Act and the 1979 Land Transport Act is 1,614,576, an increase of 1.9% year-on-year. 

He further elaborated that motorbikes made up the majority of the number at 1,008,486, followed by personal vehicles at 373,063 and pickup trucks at 141,271. 

The Deputy Director-General said 8,094 taxis and 1,911 motorbike taxis were registered during the period. 

Jongrak expects the positive trend to continue throughout the year, attributing the increase to the government’s policies to legalize unauthorized taxis and motorbike taxis. 

Earlier the administration launched the Taxi OK and Taxi VIP campaigns which are aimed at improving the overall quality of taxi services.

 

-- nnt 2018-07-30

[PatOngo]

Who's buying all these vehicles?  Teachers?   Borrowed money?

[stanleycoin]

And the banks and finance companies say. 

[baansgr]

The UK  registered almost 3 million new cars in 2016, similar population size so sounds about right considering most here were MCs

[pokerface1]

More vehicles more accidents = higher road toll

Hence they have to ramp up there safety measures just to accommodate new rego's. To dream the impossible dream.......good luck with that!! 

[Felt 35]

More than 1.5 million new vehicles registered in the first half of 2018

...and we all get fat and sassy....the car manufactories, hospitals, fitness centres and chiropractors clapping their hands.....?

[Justgrazing]

14 minutes ago, Felt 35 said:

More than 1.5 million new vehicles registered in the first half of 2018

...and we all get fat and sassy....the car manufactories, hospitals, fitness centres and chiropractors clapping their hands.....?

Not to mention funeral pyre charcoal sellers .. 

[sammieuk1]

The roads are booming literally ?

[JAG]

3 hours ago, Felt 35 said:

More than 1.5 million new vehicles registered in the first half of 2018

...and we all get fat and sassy....the car manufactories, hospitals, fitness centres and chiropractors clapping their hands.....?

You will, one presumes, be showing us the way ahead by scrapping your car and/or motorcycle?

??

[yellowboat]

5 hours ago, Father Fintan Stack said:

More into the meat grinder.

All those wrecks everyday.  The cars must be replaced. 

[South]

..... and the free/cheap credit that all these vehicles have been bought on .... the balloon is getting big, bigger, bigger, bigger and BANG! It happened before and it will happen again. Cheap/free credit in the long term does not work. 

[rodney earl]

Just what thailand needs. More cars and more people in debt to the banks. Great.

[akirasan]

17 hours ago, PatOngo said:

Who's buying all these vehicles?  Teachers?   Borrowed money?

The people who crashed their vehicles last year.

[madmitch]

18 hours ago, webfact said:

car owners registered more than 1.5 million new vehicles in the first half of 2018. 

Why say car owners when 65% of the registrations were motorcycles?

[PatOngo]

1 minute ago, madmitch said:

Why say car owners when 65% of the registrations were motorcycles?

More face saying cars.

[mfd101]

Despite the usual cynical & unhelpful comments, it seems to me that overall this is a sign of increasing prosperity across Thailand in what is mostly (but unevenly) a booming economy (with growth rates and debt levels that even Australia would envy). Fairly typical in a developing country - much Third World conditions, and some remaining Fourth World poverty, but some and increasing Second World capabilities. And, as everywhere - and not just in developing countries - wide differential between poverty & wealth.

 

Which is why much of the increased registrations are motorcycles. The day before yesterday, their owners were on foot or in the back of a dilapidated old pickup. Many of the people making cynical comments on this site are old enough to remember what conditions were like in their home countries in the 1950s & 60s ...

[Eric Loh]

So the car sales boom was not the outcome of Yingluck's first car policy. 

[Ks45672]

Is there anyway to check how many vehicles were written off or scrapped during the same period? 

[mfd101]

7 minutes ago, Eric Loh said:

So the car sales boom was not the outcome of Yingluck's first car policy. 

No doubt it helped it along but it obviously doesn't account for the current performance.

 

People on this site used to rabbit on about how all those cars ended up in second-hand car sales yards ie off the road. Which, on the whole, didn't seem to account for the ever-increasing traffic on the roads - particularly noticeable here in remote rural parts.

[Ks45672]

1 minute ago, mfd101 said:

No doubt it helped it along but it obviously doesn't account for the current performance.

 

People on this site used to rabbit on about how all those cars ended up in second-hand car sales yards ie off the road. Which, on the whole, didn't seem to account for the ever-increasing traffic on the roads - particularly noticeable here in remote rural parts.

There is some huge tents around bkk filled with nice cars... 

[Lupatria]

19 hours ago, webfact said:

More than 1.5 million new vehicles registered in the first half of 2018

...in a country with more chalky contours of human bodies on the tarmac than zebra crossings.

[connda]

19 hours ago, webfact said:

followed by personal vehicles at 373,063 and pickup trucks at 141,271. 

Which means that about 400,000 people in Thailand are now holding more consumer debt than they will be able to pay off in their lifetime. 
"But I have status mak mak.  Drive 1 million baht SUV.  Have red license plate.  Drive 160 kph now.  Everyone get out of way.  I SUV puu yai now!!!  I pay only interest 10,000 baht every month for lifetime.  Kids and grandkid get debt when I die.  Insurance?  No afford insurance." 

[Lemonltr]

42 minutes ago, Ks45672 said:

Is there anyway to check how many vehicles were written off or scrapped during the same period? 

None???

[connda]

1 hour ago, mfd101 said:

Despite the usual cynical & unhelpful comments, it seems to me that overall this is a sign of increasing prosperity across Thailand

Because it's not a sign of 'increasing prosperity,' but it is a sign of an economic system fueled by unsustainable debt.

[toofarnorth]

17 hours ago, Father Fintan Stack said:

More into the meat grinder.

Spot on Father . And will all these new cars mean the same number of old bangers taken off the roads ?

[toofarnorth]

1 hour ago, mfd101 said:

Despite the usual cynical & unhelpful comments, it seems to me that overall this is a sign of increasing prosperity across Thailand in what is mostly (but unevenly) a booming economy (with growth rates and debt levels that even Australia would envy). Fairly typical in a developing country - much Third World conditions, and some remaining Fourth World poverty, but some and increasing Second World capabilities. And, as everywhere - and not just in developing countries - wide differential between poverty & wealth.

 

Which is why much of the increased registrations are motorcycles. The day before yesterday, their owners were on foot or in the back of a dilapidated old pickup. Many of the people making cynical comments on this site are old enough to remember what conditions were like in their home countries in the 1950s & 60s ...

Too true , I remember seeing many folk going to work on bicycles , imagine now going for a job and seeing 10 pushbikes , 1 motosai and the CEO's 10 yo car parked outside.

My dad worked for Shell in London , started as a tea boy in about 1920 and worked there til he retired and we never had a car. He did state that going by train to work WE never needed one . But not 2 car families then.

[colinneil]

So 1.5 million new vehicles registered, but how many of them will not be repossessed?

Look around 20.000 baht deposit get a new car/ pickup, but most people do not calculate the monthly repayments.

Then after a few months in comes the repo man.

[Happyman58]

just more borrowed money people cannot afford to pay back I think different. To me, a car gets you from A to B As long as it does it job who cares if it is new or old. Wish they would prioritize there homes more instead of buying new cars?

[Happyman58]

20 minutes ago, colinneil said:

So 1.5 million new vehicles registered, but how many of them will not be repossessed?

Look around 20.000 baht deposit get a new car/ pickup, but most people do not calculate the monthly repayments.

Then after a few months in comes the repo man.

Well observed Col but spot on Guess it is a bit hard to pay back money when you dont work 

[Happyman58]

41 minutes ago, toofarnorth said:

Too true , I remember seeing many folk going to work on bicycles , imagine now going for a job and seeing 10 pushbikes , 1 motosai and the CEO's 10 yo car parked outside.

My dad worked for Shell in London , started as a tea boy in about 1920 and worked there til he retired and we never had a car. He did state that going by train to work WE never needed one . But not 2 car families then.

If you think to go to a bank and borrowing heaps of money and after a while u get your car repossessed then you must see a booming economy in a different way I do. Funny the 2 most addictive things in Thailand after alcohol is New Cars and Mobile Phones. And really you can live without both I know I did for a long time and I was still living a good life