Luxury car sales expected to drop 20 per cent this year

[webfact]

Luxury car sales expected to drop 20 per cent this year
By English News



BANGKOK, Nov 25 – Luxury car imports this year are expected to decrease markedly to less than 100,000 units, down 20 per cent due to changes in the tariff structure and a lack of clarity in auto verification procedures.

Thailand’s first Auto Import Expo organiser, Chaturon Komolmit said sales of premium cars this year will likely drop below 100,000 units, down 20 per cent from about 140,000-150,000 units sold annually in the past two years.

Mr Charuron said it was predicted earlier that sales of luxury cars would improve by year-end but ongoing political tensions are among the factors which worry luxury car buyers.

Premium car sales, however, are expected to improve next year and even sooner if political tension eases. Mr Chaturon added that the overall sales of more than 100,000 luxury vehicles a year is considered satisfactory for importers. (MCOT online news)


-- TNA 2013-11-25

[ramrod711]

I think this was inevitable, Chalerm has been ill, probably not in the market for more Bentleys.

[Sydebolle]

So the 2.2 trillion Baht budget did not pass then ?

[bigbamboo]

So a drop from 140/150000 to below 100000 is twenty per cent in Thailand or has someone being using their kid's Chinese school tablet as a calculator?

Edited November 25, 2013 by bigbamboo

[Pib]

BANGKOK, Nov 25 – Luxury car imports this year are expected to decrease markedly to less than 100,000 units, down 20 per cent due to changes in the tariff structure and a lack of clarity in auto verification procedures.

Oh said another way, it's a lot harder to buy a luxury car at a much reduced price because the full import/luxury tax was not paid...having to pay full price makes it a new ballgame.

[Spalpeen]

It hasn't been the same since the Louis Vuitton monk did a runner.

[slapout]

Plus the 6500+_ vehicles still being investigated are still being driven as the DSI is so busy looking for something to charge the opposition with. this that potential huge money earner is on the back shelf.

The Monk may have mysitical powers as he seems to have disappeared from DSI radar, at just about the same speed as his bank accounts balance. Wonder if the survalance camers of the various banks were ever check to identify who withdrew the vast sums as well as who make the deposits into the account?

[ozyjon]

I want a luxury car, no i don't i'm leaving the LOS in the morning. Buy all i will miss you much, me love you long time.

[Bagwan]

It hasn't been the same since the Louis Vuitton monk did a runner.

Any chance of a progress report from the DSI on that sensitive subject? I thought not.

[Emdog]

How then can the trickle down voodoo economics model work? "The sky is falling, the sky is falling"

[Pib]

Plus the 6500+_ vehicles still being investigated are still being driven as the DSI is so busy looking for something to charge the opposition with. this that potential huge money earner is on the back shelf.

The Monk may have mysitical powers as he seems to have disappeared from DSI radar, at just about the same speed as his bank accounts balance. Wonder if the survalance camers of the various banks were ever check to identify who withdrew the vast sums as well as who make the deposits into the account?

The Monk drove in his luxury car outside of DSI's radar reach....I think the reach is only a couple kilometers on a clear day.

[thailandbeachisland]

What is the new price structure ? Better wait to buy a new car ?

[laurentbkk]

well at the price you pay for luxury cars its normal ...... not to mention roads here are not the best to drive your new Ferrari ou Lamborghini

[newermonkey]

The drop in car sales is caused because all the government officials have already goten their new luxury cars already.

Edited November 26, 2013 by newermonkey