Cars dealers suffer from Yingluck's populist policy

[webfact]

Cars Dealers Suffer From Yingluck's Populist Policy
By Khaosod Online

BANGKOK: -- Like her influential brother, Prime Minister Yingluck Shinawatra led Thailand down the road of populist policies aimed at easing the financial burdens of the grassroot and low-earning populace. Among her trademarks is the "First Car Program" which exempts tax for first-time car buyers.

The government insisted it would benefit the low-income citizens and boost number of car sales. But critics warned that the policy contributed to increased traffic jam in the already clogged roads of Bangkok.

A number of car dealers across the country are now complaining about the "First Car" plan as well, charging that it distorted market demands and in fact damaged the car sales business in the Kingdom, reported our correspondent at Prachachart.

Report from Japanese Chamber of Commerce indicated that in September, car sales from every manufacturer combined amounts to less than 100,000 cars, despite the sweltering promotion campaigns.

Market analysts believed that the motor business would also shrink at least 5-10% this year, as the real demand in the market does not match the virtual demand estimated by the car industry.

Car dealers interviewed by our correspondent explained that the supposed demand was drawn up in the previous period when the government announced ′First Car Program′. Excited customers rush to car dealers to place their orders to take advantage of the policy while it lasted.

Full story: http://www.khaosod.co.th/en/view_newsonline.php?newsid=TVRNM056Y3hNREEzTlE9PQ==

-- KHAOSOD English 2013-08-28

[Soutpeel]

The government insisted it would benefit the low-income citizens and boost number of car sales

Shades of Dear yingluck's "riceberg" its seems...

Maybe Dear Yingluck should consider buying the excess vehicle production and storing in a warehouse somewhere...

Edited August 28, 2013 by Soutpeel

[Tatsujin]

Well, you all got what you voted for, stop complaining or vote more intelligently.

[Jdietz]

It's not just the car dealers, it's the whole country that suffers.

[trainman34014]

But.....why are the dealers complaining when they knew this would happen after the crazy sales figures of last year ? Surely any sane man is going to expect a lean year and adjust his budget accordingly. The usual lack of foresight beyond tomorrow encountered here almost daily, one presumes.

[daiwill60]

5555

This so reminds me of the Guy in the Luis Vitton monk case, who was very happy to change all those cheques etc for the monk and now that the monk has been nabbed he is losing out and crying.

The car dealers, no doubt were all rubbing there greasy little hands together when car sales were booming for the year the scheme was running, and now this lot are crying into the milk.

[Robby nz]

Didn't I read recently that Yingluck was telling the manufacturers to increase production and has also invited VW to come here and join the party?

[gl555]

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

[Thai at Heart]

Thais and basic economics.

Oil and water....

[zydeco]

And what did the car dealers think? That the bonanza would go on forever? This is slash and burn economics.

[Commander Tamson]

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

They are not morons; they are simply uneducated, or more precisely poorly educated. And that's the way the governing elite wants to keep them. Don't ever have an argument with an Isaan farmer about how bad Thaksin was for the Kingdom or how bad the PTP's current policies are.

[Soutpeel]

Thais and basic economics.

Oil and water....

How did Koh Samet get into this debate...

[smutcakes]

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

Where is the broken promise?

[Thai at Heart]

Thais and basic economics.

Oil and water....

How did Koh Samet get into this debate...

Ummm. Maybe an mp can propose a race track on samet to boost car sales?

[thaikahuna]

A million more cars, an equal amount of poorly and untrained drivers adding more gridlock to an already untenable situation. The second hand car lots are already seeing the results of this boondoggle. You not only have all the pathetic cars from the floods a couple of years back you are now getting the repossessed new cars that people ran out to buy so they could get 100,000 Baht from the government. They just failed to realize they had to pay for those cars. The banks are the only winners in this fiasco.

[ginjag]

My old car is for sale at 410,000 bht -Toyota Vios 5 years low mileage.

New Nissan Mitsu Honda eco start at that. so a glut of eco re claimed cars are on the market, 1 year old and have to sell at 350,000.

New customers wanting an economical car are not going to pay the same price for a 5 year old when they can have new, or lower if they take a second hand year old.

Car sales are going to have a big problem selling existing old stock. Thats apart from second hand more upmarket cars.

I got a second hand Nissan March push button start air bags -reverse back warning -re obstruction fogs--spoilers the lot. Why do you think I sold my Vios. ??

[trainman34014]

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

They are not morons; they are simply uneducated, or more precisely poorly educated. And that's the way the governing elite wants to keep them. Don't ever have an argument with an Isaan farmer about how bad Thaksin was for the Kingdom or how bad the PTP's current policies are.

Been there, done that some years ago, but with a Northern farmer. After hitting a brick wall for half an hour i said let me put it this way; i am Thaksin and i come to you with 1,000 Baht of the country's money in my hand and say 'Here you are Somchai, i will give you 100 Baht of this money and i will keep 900 Baht for my family; are you happy ? ' 'Yes ,says he' ''But why says i ?'' 'Because it's 100 baht more for me says he. '....so i said ''but why should he get 900 and you only get 100 ?'' His reply was ' because Thaksin the only man to give me any so he can keep more because he give me some nobody else give me , he is the best man for me '.

The little things that Thaksin did for the people are remembered and cared about much much more than all the bad things the guy did. Basically they don't care what he got up to as long as they got their little share and they don't think he is a criminal. As far as they are concerned it's all the Democrats fault.

What has all this got to do with car sales this year ? Not a lot; sorry i got sidetracked !

[barefoot1988]

My old car is for sale at 410,000 bht -Toyota Vios 5 years low mileage.

New Nissan Mitsu Honda eco start at that. so a glut of eco re claimed cars are on the market, 1 year old and have to sell at 350,000.

New customers wanting an economical car are not going to pay the same price for a 5 year old when they can have new, or lower if they take a second hand year old.

Car sales are going to have a big problem selling existing old stock. Thats apart from second hand more upmarket cars.

I got a second hand Nissan March push button start air bags -reverse back warning -re obstruction fogs--spoilers the lot. Why do you think I sold my Vios. ??

so how did you manage to sell your vios?

[anto]

My old car is for sale at 410,000 bht -Toyota Vios 5 years low mileage.

New Nissan Mitsu Honda eco start at that. so a glut of eco re claimed cars are on the market, 1 year old and have to sell at 350,000.

New customers wanting an economical car are not going to pay the same price for a 5 year old when they can have new, or lower if they take a second hand year old.

Car sales are going to have a big problem selling existing old stock. Thats apart from second hand more upmarket cars.

I got a second hand Nissan March push button start air bags -reverse back warning -re obstruction fogs--spoilers the lot. Why do you think I sold my Vios. ??

so how did you manage to sell your vios?

He didnt ,but he wanted to end on a happy note for himself .

[EvilDrSomkid]

It's not just the car dealers, it's the whole country that suffers.

*heavy sarcastic tone*

Yessss, but they were DEMOCRATICALLY elected*

*sarcasm off*

Thai people, <deleted>! This is what you voted for. And still people love the red shirts and PTP.

My MIL among them.

[eddie61]

Thailand's populism will destroy Thailand as we all know it.

It is simply unsustainable, and worries the s*** out of me for my kids future.

Western democracies went from elitist to popular democracy via mass education and war. We are still trying to sort out the mess all that left, but there is at least a chance that it will work.

The PTP Kleptocrats couldn't give a f***, I am sure, as their wealth is comfortably stashed in Singapore, Central Europe and the Carribean.

When people work out the grim truth, the middle class taxpayers will be the real losers. The poor have nothing to lose, and the rich have most of it abroad. I feel absolutely sure that Thailand is heading for disaster on the present course, but somchai doesnt have the slightest idea watching his buffaloes arse by day and soap opera by night. The middle class groan and moan, but have no chance of changing the status quo. The Kleptocraccy dont care, and have their first class tickets booked.

"Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other."

-Oscar Ameringer

[NeverSure]

Well, those poor car dealers. Wow did they try to work me over when stocks were low - even on a late model nice used.

Now I hope they wind up eating new and used cars for dinner. I have no sympathy except for the Thai people who have to pay for this.

[johng]

My old car is for sale at 410,000 bht -Toyota Vios 5 years low mileage.

New Nissan Mitsu Honda eco start at that. so a glut of eco re claimed cars are on the market, 1 year old and have to sell at 350,000.

New customers wanting an economical car are not going to pay the same price for a 5 year old when they can have new, or lower if they take a second hand year old.

Car sales are going to have a big problem selling existing old stock. Thats apart from second hand more upmarket cars.

I got a second hand Nissan March push button start air bags -reverse back warning -re obstruction fogs--spoilers the lot. Why do you think I sold my Vios. ??

If something doesn't sell at a certain price then it's too expensive...so lower the price untill some one thinks the price is right and it will sell.

Maybe with all the extra cars sloshing around on the market the price of second hand cars will go down ???

[cloudhopper]

Anyone notice all the second hand car lots recently springing up all over the place? It's over.

[Soutpeel]

Maybe with all the extra cars sloshing around on the market the price of second hand cars will go down ???

Not been in Thailand very long have you, and have no concept of Thai ecomomic's ?....in situations like this the price will only go one way.................UP

So sorry to say you will be riding your Motocy a little longer

[marell]

Never mind, the car dealers are just whining. The important people who matter cleaned up on the deal. That's all that's really important.

[culicine]

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

Where is the broken promise?

Improving the lives of poor people....poor people don't buy new cars.

[bigbamboo]

Only one thing for it. The cars dealers are going to have to get in line behind the rice farmers, the rubber growers and the taxi drivers and get out on the streets and protest for financial support from the people they voted for.

Who'll be next I wonder?

[Robby nz]

smutcakes, on 28 Aug 2013 - 17:08, said:

gl555, on 28 Aug 2013 - 16:51, said:

Broken and failed promises. Typical PTP. It also reflects greatly on the morons who keep voting for these bunch of idiots.

Where is the broken promise?

Improving the lives of poor people....poor people don't buy new cars.

If they do it lands them in big strife.

Hence the high level of private debt in this country.

Didn't I read somewhere that it was 80% of GDP?

[ginjag]

My old car is for sale at 410,000 bht -Toyota Vios 5 years low mileage.

New Nissan Mitsu Honda eco start at that. so a glut of eco re claimed cars are on the market, 1 year old and have to sell at 350,000.

New customers wanting an economical car are not going to pay the same price for a 5 year old when they can have new, or lower if they take a second hand year old.

Car sales are going to have a big problem selling existing old stock. Thats apart from second hand more upmarket cars.

I got a second hand Nissan March push button start air bags -reverse back warning -re obstruction fogs--spoilers the lot. Why do you think I sold my Vios. ??

so how did you manage to sell your vios?

Was 6 months ago, just before this glut was hitting the market, as of today I would have had to keep the Vios, no probs on that score decent motor, just wanted newish car-pleased with my timing.