Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thailand's Pickup Sales Rev Up with New Trade-In Scheme

Featured Replies

Thaiger-News-Featured-Image-2025-06-25T103150.png

Picture courtesy of Rest of World

 

Thailand’s struggling pickup market is set for a revival thanks to a government scheme offering tax incentives on new vehicles when owners trade in their old models.

 

Sales of pickup trucks in Thailand have significantly declined, with figures showing a 17% drop from January to May this year. Stricter loan conditions, due to rising household debt, have been a major factor in this downturn.

 

In response, the government proposes allowing owners of pickup trucks aged 20 to 25 years to exchange them for new models, with substantial excise tax reductions.

 

Surapong Paisitpatanapong, the Federation of Thai Industries' Vice-chairman, supports the initiative, predicting potential sales boosts by 50,000 to 100,000 units. He also suggests expanding the scheme to include cars, which could further invigorate the automotive sector.

 

With around two million ageing vehicles on the roads, extending the scheme to vehicles five to eight years old could provide a vital lift, according to industry representatives.

 

Finance Minister Pichai Chunhavajira highlighted the scheme's dual benefits: modernising roads and boosting the local car industry. The Thai Credit Guarantee Corporation is expected to support this initiative by securing auto loans.

 

Although exports remain strong, with a 23% rise in car exports in May due to demand in Australia and the Middle East, domestic sales fell nearly 3% in the first five months of the year. However, a rise in car manufacturing, notably in electric and hybrid vehicles, offers a positive outlook.

 

Surapong urges for decisive action to restore consumer confidence, stating, “This trade-in scheme could be the spark that gets the engine running again.”

 

The success of the scheme could well be the jolt needed to steer the Thai automotive market back on track.

 

image.png  Adapted by ASEAN Now from The Thaiger 2025-06-25

 

image.png

 

image.png

yes  90%  of Thais are in - problem is 90% of thais have no money and are in poverty 

 

complete nonsense 

The stricter loan conditions have hurt sales so lets get around it by swapping old for new with tax breaks. It will still put the owner of a new truck in serious debt though.

22 hours ago, snoop1130 said:

With around two million ageing vehicles on the roads, extending the scheme to vehicles five to eight years old could provide a vital lift, according to industry representatives.

A well maintained 5-8 year old truck does not need to be replaced.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.