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April 20, 2007 02:00 AM Eastern Daylight Time

Increasing Popularity of Pickup Trucks Likely to Drive Continued Growth of Thailand Commercial Vehicles Market

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c54525) has announced the addition of the Frost & Sullivan report: Thailand Commercial Vehicle Markets to their offering

This Frost & Sullivan research titled Thailand Commercial Vehicle Markets provides an overview of the entire commercial vehicles markets in Thailand, with extensive discussions on the market drivers, restraints, industry challenges, strategic recommendations and end-user adoption analysis. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: pickups, vans, light commercial vehicles (LCV), medium commercial vehicles (MCV), heavy commercial vehicles (HCV), and buses.

Summary

Increasing Popularity of Pickup Trucks Likely to Drive Continued Growth of Thailand Commercial Vehicles Market

Thailand is increasingly emerging as an export hub for various kinds of vehicles. It has a thriving automotive industry that is likely to see a high growth rate due to strong Government support and initiatives to liberalize it further. Many Japanese manufacturers have made Thailand the production base for their one tonne pickups. Pickup trucks are the most popular vehicles in Thailand as they are easy to maintain and spares are inexpensive and easily available. These vehicles are also sold at lower prices, as they fall under a tax band lower than that for passenger cars.

Government Support and Healthy Competition Overshadows the Challenges Prevailing In the Market

Rising fuel prices in Thailand are expected to impact the sales of commercial vehicles. This, in turn, may affect fleet operators’ decisions to buy new vehicles. Besides, the changing emission norms are putting pressure on manufacturers to invest in machinery and tooling in order to adapt to the new standards. This increases the vehicle cost, since the incorporation of new technology entails more investment.

The increased liquidity in the market and lowering of interest rates have eased to increase demand as more customers are expected to buy vehicles on credit. The healthy competition prevailing in the market today has set the stage for further growth. There are many European and American companies competing with Japanese manufacturers that are dominating the market at present. This is forcing manufacturers to be more efficient and productive so they can deliver quality products at competitive prices. Additionally, the Thai Government’s support for initiatives to develop the automotive industry, which is one of the main contributors to the economic growth of the country, is also likely to drive further market growth.

Edited April 20, 200719 yr by ThaiGoon

These vehicles are also sold at lower prices, as they fall under a tax band lower than that for passenger cars.

the card that's holding the house up .

An agreement on eco-car taxes is expected to be reached around next month, and it's expected to generate another huge round of investment in Thailand's auto industry.

I'll be posting that as soon as it's formally announced.

Ahhh...I see. I've created another unpopular thread for people who "love" Thailand and "wish Thailand well."

Ahhh...I see. I've created another unpopular thread for people who "love" Thailand and "wish Thailand well."

Sorry, just finding all these long words a tad difficult to follow. Any chance of a simplified version, preferably with pictures. By the way, do you get paid for this job?

Ahhh...I see. I've created another unpopular thread for people who "love" Thailand and "wish Thailand well."

Sorry, just finding all these long words a tad difficult to follow. Any chance of a simplified version, preferably with pictures. By the way, do you get paid for this job?

Ahh....another one of those. Anyway, sorry for not trying to simplify an English article for English teachers in Thailand.

Edited April 21, 200719 yr by ThaiGoon