Jump to content

Recommended Posts

Posted

 

 

Thailand’s Used Car Market Struggles Amid Oversupply and Economic Downturn 

Thailand's used car market is facing a severe downturn in 2024, with a flood of repossessed vehicles creating an oversupply and forcing dealers to slash prices. High interest rates on auto loans and weakened consumer buying power have stalled sales, despite the abundance of quality used cars. The rise of affordable electric vehicles (EVs), particularly from Chinese manufacturers, is further disrupting the market, leading to delayed purchases and deeper price cuts. Industry experts warn that 2025 could see even fewer used cars entering the market due to this year's sluggish new car sales.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...