Thai car sales slump to 15-month low in Aug on outbreak curbs

[snoop1130]

FILE PHOTO: Vehicles are seen stuck in traffic along a road in Bangkok, Thailand December 18, 2018. REUTERS/Soe Zeya Tun

 

BANGKOK (Reuters) - Thailand's domestic car sales tumbled 38.8% in August from a year earlier as stricter coronavirus containment measures hit economic activity, the Federation of Thai Industries (FTI) said on Thursday.

 

However, the curbs, imposed in July and August, have been eased https://www.reuters.com/article/idUSL1N2Q006L from this month, which the FTI said should boost car sales later this year.

 

In August, sales dropped to 42,176 vehicles, the lowest level in 15 months, after July's 11.6% year-on-year fall to 52,442 units, the FTI said.

A microchips shortage also slowed car production, it said.

 

Thailand is a regional vehicle production and export base for the world's top carmakers, including Honda, Toyota, Mitsubishi and Nissan.

The FTI is maintaining its targets for domestic car sales of 750,000 units and auto exports of 800,000 to 850,000 cars this year.

 

A motor expo in December will also help boost sales this year, Surapong Paisitpattanapong, a spokesperson for FTI's automotive industry division told a briefing.

 

"After the lockdown relaxation, clients began to visit showrooms. Auto centres are back to normal," he said.

 

"Consumer confidence is important. If government measures can build people's confidence, spending will return," he added.

 

In August, car exports dropped 3.78% from a year earlier to 59,571 units, a four-month low, due to delayed production of some models caused by semiconductors and parts shortages as well as outbreaks at some factories.

 

"If the shortages and the COVID situation ease later this year, our export target should be met," Surapong said.

 

-- © Copyright Reuters 2021-09-23

 

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[Mr Meeseeks]

4 minutes ago, snoop1130 said:

Thailand's domestic car sales tumbled 38.8%

Signs of the impending economic devastation to come. 

[overt2016]

good news!!!!

[hotchilli]

16 hours ago, snoop1130 said:

"Consumer confidence is important. If government measures can build people's confidence, spending will return," he added.

So only the elite will be buying new motors then?

[sanuk711]

16 hours ago, Mr Meeseeks said:

Signs of the impending economic devastation to come. 

Signs of the usual..."Wow isn't it good Thailand going to collapse" Posts.

----------------------------------------------------------------------------------------------------

 

Thailand exported 81,284 cars --From January to May this year,

total car production increased by 32.92% year-on-year to 710,356 units.

During the five-month period,

Thailand exported a total of 411,663 cars, a 35.6% increase year-on-year.

 

All other Exports--:

Exports from Thailand increased by 20.27 percent year-on-year in July 2021 billion to USD 22.65 billion,

above market expectations of 19.7 percent growth and after a 43.82 percent jump a month earlier,

amid strong foreign demand as more countries reopened further their economies. https://tradingeconomics.com/thailand/exports

 

Good time to buy a car/condo etc as some people, dependent on Tourist trade are hurting----

 

is Thailand about to collapse---Not quite yet Mr Meeseeks.

[Rampant Rabbit]

never  mind  that  look at my snazzy new led's  i  fitted  yesterday, who needs  a new car when you can buy new  parts cheap 3900  baht

[HeijoshinCool]

16 hours ago, snoop1130 said:

Surapong Paisitpattanapong, a spokesperson for FTI's automotive industry division told a briefing.

 

"After the lockdown relaxation, clients began to visit showrooms. Auto centres are back to normal," he said.

.

 

Don't look now, Surapog Whoozitswhatchamalcallit, but your pants are on fire.....

[Rampant Rabbit]

7 minutes ago, sanuk711 said:

Good time to buy a car

Was when the manufacturer quit  Thailand 799k reduced to 529k now thats a  bargain for a  top  model  extracab with all the fripperies you could want.

[Rampant Rabbit]

1 minute ago, HeijoshinCool said:

.

 

Don't look now, Surapog Whoozitswhatchamalcallit, but your pants are on fire.....

and i for  one wouldnt P!$$  on him????

[HeijoshinCool]

3 minutes ago, Rampant Rabbit said:

never  mind  that  look at my snazzy new led's  i  fitted  yesterday, who needs  a new car when you can buy new  parts cheap 3900  baht

.

 

Ah, the Colorado being sold in Thailand brings back memories

of the Chonburi I bought in Illinois.

[Rampant Rabbit]

3 minutes ago, HeijoshinCool said:

.

 

Ah, the Colorado being sold in Thailand brings back memories

of the Chonburi I bought in Illinois.

Bargain of the century as  far as Im concerned, no  problems with it so  far 21k  km in the first year, if  manufacturers really want to sell they should  lower  prices, theyll whinge they have almost no margins  now etc

[The Cipher]

Want to spur auto sales? Remove the import taxes and duties on foreign-made autos.

 

At least one additional person would transact if that happened (and it would be me ????).

 

 

[Henryford]

You think they might want to sell new cars. Not when i asked last month. Not a single satang off the list price or an offer of finance.

[Rampant Rabbit]

3 minutes ago, Henryford said:

You think they might want to sell new cars. Not when i asked last month. Not a single satang off the list price or an offer of finance.

Which manufacturer.....FORD?

[crazykopite]

I’m waiting for the huge discounts but I can’t see that happening and with so many out of work it must be hurting the finance companies big time

[JonnyF]

Not much point buying a car when you're not allowed to go anywhere. Same reason I postponed a new motorbike purchase, the idea of doing my usual tour of Northern Thailand is not too appealing right now.

[sanuk711]

44 minutes ago, Henryford said:

You think they might want to sell new cars. Not when i asked last month. Not a single satang off the list price or an offer of finance.

Try not to go in the showroom wearing your wife Beater shirt, & Flip Flops .---

 

Just joking Heneyford--yes there seems to be some agreement that no one is allowed to drop list price. There is a Big drop on the (New) last years model Honda's , which was what I was looking for. Finance for farang isn't always easy. In my wife's name never seems a problem especially if you can give 25% deposit.

You have to make it up in extras--insurance/a good tint/a good amour-spray/ (a must on Issan roads)  0. something % finance / lots of free service etc.

 

Maybe the Dam will burst and they will do a drop in prices.--- must be the worst time for them in some years.

[Stargeezr]

Considering all the taxis that are sitting around, as well as a lot of other business

vehicles that have no business, I am not at all surprised to read about low selling numbers.

   Another year like 2021 and the numbers will be a lot higher.  

Geezer

[jacko45k]

22 hours ago, Rampant Rabbit said:

never  mind  that  look at my snazzy new led's  i  fitted  yesterday, who needs  a new car when you can buy new  parts cheap 3900  baht

Thinking of taking it to Blackpool promenade?

[eddysacc]

On 9/24/2021 at 9:25 AM, crazykopite said:

I’m waiting for the huge discounts but I can’t see that happening and with so many out of work it must be hurting the finance companies big time

They will never come. Sorry.

[Rampant Rabbit]

4 hours ago, jacko45k said:

Thinking of taking it to Blackpool promenade?

are  you  mad? who the hell would  go back to damp, wet,  cold,  misbul  UK......I  know ur  only jellus as the Wife would  say

[CrunchWrapSupreme]

Out here in Issan the dealers and banks have been firing away car loans like mad. New red plated cars everywhere. They even ran out of red plates, and many new cars have none.

 

Wife and I got a good deal on ours about 5 months ago. She had no credit and was told by the dealership to use her dad's farm papers. Her income was considered her theoretically working the rai-age of land, though they knew Mr. Farang would be paying. She was amazed she got approved, said friends with good jobs had been denied not so long ago.

 

In addition to my reg govt school teaching job, I teach intl adults online, and just for chit chatting with them a bit make twice the 8k baht/mo. payment. Woo-hoo.

[jacko45k]

10 hours ago, CrunchWrapSupreme said:

Wife and I got a good deal on ours about 5 months ago. She had no credit and was told by the dealership to use her dad's farm papers. Her income was considered her theoretically working the rai-age of land, though they knew Mr. Farang would be paying. She was amazed she got approved, said friends with good jobs had been denied not so long ago.

 

But is the reality then that it is her father that got her approved, and is there any 'risk to the farm' if she defaults? Worried to see Thailand go down that road.....

[CrunchWrapSupreme]

7 minutes ago, jacko45k said:

But is the reality then that it is her father that got her approved, and is there any 'risk to the farm' if she defaults? Worried to see Thailand go down that road.....

I was worried about that too, told them to call off the deal if so. But nope. Solely to establish income, as if she were working the land. They knew I'd be providing the income, but to verify mine would be more difficult.