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THAILAND LIVE Thailand Live Thursday 2 January 2025
Luxury Car Sales Plummet Amidst Economic Hurdles in Thailand File photo for reference only Thailand's luxury automotive market is forecasted to experience a notable decline in sales, with predictions that figures will reach just 30,000 vehicles by the end of 2024. Full story: https://aseannow.com/topic/1347686-luxury-car-sales-plummet-amidst-economic-hurdles-in-thailand/ -
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Trump Shifts Tone on Grand Campaign Promises Amid Transition
Yeah, but as a fan you obviously are of Mr. Trump, how do you like his already changing his mind on many of his campaign promises even before he takes the oath again? I am definitely not a dem fan but also not a Trump fan but just like you, I have an opinion based on my life experiences. Have a good year - hope we all do. -
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Luxury Car Sales Plummet Amidst Economic Hurdles in Thailand
File photo for reference only Thailand's luxury automotive market is forecasted to experience a notable decline in sales, with predictions that figures will reach just 30,000 vehicles by the end of 2024. This represents a sharp drop from the 40,000 sold in 2023, as the luxury car segment grapples with the broader economic downturn and escalating household debt issues. Wearnes Automotive Thailand, known for distributing the British sports car brand Lotus Cars, underscores the challenges faced by this market. Despite higher purchasing power typical among luxury car buyers, the sluggish economic growth—recorded at a mere 1.5% in the first quarter of 2024—coupled with stringent loan approval processes by banks wary of bad debts, have created hurdles in car sales. "The entirety of the luxury car market is feeling these economic pressures," notes Teeraphong Rodloy, the country manager for Wearnes Automotive Thailand. In contrast to the luxury segment, the pickup truck market has suffered significantly more, with sales reaching historic lows unseen in the last 23 years. Ford Thailand's managing director, Ratthakarn Jutasen, highlights a dramatic year-on-year drop in October 2024 of 41.6%, with only 10,896 units sold. However, Surapong Paisitpatanapong of the Federation of Thai Industries (FTI) suggests that the luxury car market might be somewhat insulated from these downturns, as demand remains relatively stable despite financing challenges. Wearnes Automotive's own performance seems to defy the trend, surpassing their 2024 target of 200 luxury vehicles sold, driven by consumers whose lifestyles favour high-end automobiles. Their latest offering, the "Lotus Chapman Bespoke" electric vehicle, has been introduced in Thailand following its initial launch. But Mr Teeraphong cautions against complacency. He predicts that competition within the luxury car sector is poised to intensify in 2025, potentially leading some dealers to adopt aggressive pricing strategies—even venturing into price-cutting tactics if not a full-fledged price war. The trajectory of Thailand's luxury automotive market remains uncertain, as it navigates these economic storms. Whether the demand will buoy through the anticipated challenges of 2025 will hinge heavily on the economic environment and consumer confidence in the year ahead, reported Bangkok Post. -- 2025-01-02 -
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National Socialism was a Left Wing Socialist Political Movement
National socialism is Nazism dufus. Nazism is an extreme right wing ideology utilized by Nazi Germany from 1933-1945. Try reading history books -
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The Rise of Robots in Space: Will They Replace Human Astronauts?
When it does come to pass that robots are up there with humans, best check Ash isn't one of them. Also best not have Hal as the craft's computer. -
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Pattaya man seriously injured by wife in new year’s knife attack
Do you think I would have one at home like that? Mine would come and pick me up to make sure I slept at home! -
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Thai ladies with hairy legs is a real turn off.
ANY lady who has hairy legs is a turn off!- 1
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The Rise of Robots in Space: Will They Replace Human Astronauts?
Depends on the reason for being in space. If it's to open a new frontier for mankind on Mars, not a lot of point sending robots. If it's just to make a load of money off government "investment" robots will mean less danger of bad publicity and no need to pay wages. IMO the real problem is when they start launching automated weaponry up there.
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