Car orders at Bangkok motor show drop below target

[webfact]

Car orders at motor show drop below target



BANGKOK: -- Although this year's motor show reveals drop in booking orders, but overall market will see a normal growth with 900,000 vehicles to be sold.

Executives of Honda, Mazda, Suzuki were optimistic of the car sales although admitted the industry was still affected by the previous first car buyer scheme.

But they still believed sales of 900,000 cars could be achieved, which represented normal growth.

However all agreed the industry will see recovery next year, and a growth of 5% is expected.

Meanwhile Thailand’s International Motor Expo 2014 ended Wednesday with car booking orders totalling 42,000 cars throughout the 12 days of show, missing the organiser’s target of 50,000.

The expo was held from November 29-December 10 at Muangthong Thani.

Inter Media Consultant’s chief executive Kwanchai Papaspong, organiser of the event, said car companies at the show received total booking orders for 42,000 vehicles, below his target of 50,000.

But he said that although the figure was below target, but it remained higher than last year’s booking order of 41,000 cars.

The figure was satisfactory for him and car companies at the show under the recessed auto industry since mid last year, he said.

Latest figure showed car sales so far was down 38%, he said.

He also disclosed that sport utility vehicles or SUV cars showed sign of increasing popularity with several car manufacturers now turning their eyes more on this car segment such as Honda which introduced its latest model the HRV and received highest booking for the segment.

But he said small cars of prices ranging from 500,000-700,000 baht were still affected by the previous first car buyer scheme which had fetched advance purchases, and those who made hire-purchases deals still have to pay in installments for another 3-4 years.

For those who have stopped paying installments, and abandoned their cars also have no purchasing power for new cars, he said.

However he said car companies are stimulating the market with more sales promotion campaign which could help a bit to activate the market.

But he said the segment of medium cars with prices slightly over a million baht remains active same as the upper segment cars like Mercedes which received satisfactory response with booking orders higher than last year or 1,122 cars.

He said Mercedes grows 18% this year while BMW also received booking order for 800 cars at the show.

Big Bikes market also showed satisfactory growth with 2,293 orders led by Honda, 494 vehicles.

Source: http://englishnews.thaipbs.or.th/car-orders-motor-show-drop-target


-- Thai PBS 2014-12-11

[HeijoshinCool]

Don't worry.

Next week there will come an announcement that sales will increase next year.

Right after the Khon Kaen F1 race in 2015.

[NeverSure]

Don't worry.

Next week there will come an announcement that sales will increase next year.

Right after the Khon Kaen F1 race in 2015.

Oh, they already said sales will increase next year. Line 2, 900,000 cars. Line 3, 5% growth.

Every good announcement in Thailand is about something that's going to happen, even if what's happening is bad.

[HeijoshinCool]

Don't worry.

Next week there will come an announcement that sales will increase next year.

Right after the Khon Kaen F1 race in 2015.

Oh, they already said sales will increase next year. Line 2, 900,000 cars. Line 3, 5% growth.

Every good announcement in Thailand is about something that's going to happen, even if what's happening is bad.

.

You don't actually think I waste my time reading every line of what these fools vomit, do you.

[Nickymaster]

All those targets...

Anyhow, enough cars on the road already.

Edited December 11, 2014 by Nickymaster

[terryp]

lets not forget all those who paid the 5,000 baht deposit that will cancel next month as the repayment shock kicks in

[Paratrinque]

What happened to the "First Car Buyers Tax Rebate?".

My sister-in-law bought , and paid in full, a new car in October 2012 . In November 2013 she received 50% of the rebate due but since then nothing.

I know that there were comments made earlier this year that all outstanding payments would be cleared by end of June 2014 but today she has received nothing further.

[konying]

Love the logic

Car orders drop at the show where most discounts and offers are offered, but will grow next year, because people prefer to pay more and get less.

Undisputed logic

[casualbiker]

The car I really wanted to see wasn't even opened up to sit inside ... not a Ferrari or a Bentley .. but the new Mazda 2!

[GAZZPA]

So car sales re 38% down you,, thats a huge crash in sales.

I would expect they will experience growth YOY next year considering how low the base will be.

When will someone admit the economy is on its arse,, it seems the business's seem to know, especially the small / medium firms.

Tourism down, domestic consumption down, consumer debt rising rapidly, exports down, how can the country possibly be in healthy growth,,,

Anyway, like everything here the official reports just seem to be contradiction after contradiction with no clarity at all.

[jacko45k]

Most guys go to check out the babes

[elgordo38]

Don't worry.

Next week there will come an announcement that sales will increase next year.

Right after the Khon Kaen F1 race in 2015.

Oh, they already said sales will increase next year. Line 2, 900,000 cars. Line 3, 5% growth.

Every good announcement in Thailand is about something that's going to happen, even if what's happening is bad.

Call Helicapter Ben from America. He is needed to drop bushels of bahts all over the country. Consumers here are tapped out like everywhere in the world. Banks are tightening lending rules. Poof where will the bahts come from.

[SOTIRIOS]

........senseless charade.....

...another form of flooding in Thailand.....

...anything to maintain illusory 'hub' status....

...while congestion, pollution and road fatalities go through the roof.....

...and designate mass transit for the poor....as was recently announced...

...so many VIP's Official...Officers.....my, my...so impressive....

[Sydebolle]

Yawn - next please ;-)

[gchurch259]

You want to sell me a car, get rid of the Damn VAT Tax that makes a car cost twice as much as the same car in USA !! The 7% VAT is enough, especially for a car manufactured/assembled in Thailand.

[trainman34014]

I noticed Nissan offering 5 year 0% credit deals in our local area yesterday on cars and trucks. What they need to do is bring down prices by at least 20% as vehicles in this country are way overpriced. Not the Thai way though, more likely to increase them by 20% the dumbarses !

[rakman]

Love the logic

Car orders drop at the show where most discounts and offers are offered, but will grow next year, because people prefer to pay more and get less.

Undisputed logic

Orders didn't drop:

"Inter Media Consultant’s chief executive Kwanchai Papaspong, organiser (sic) of the event, said car companies at the show received total booking orders for 42,000 vehicles, below his target of 50,000."

But he said that although the figure was below target, but it remained higher than last year’s booking order of 41,000 cars.

Orders went up by 1,000 vehicles, or 2.4% increase from last year. The results weren't at "his target" of 50,000. Which must include bikes.

If the show was a month or two later and the price of gas lower, sales might have been higher.

[Ulic]

Predict a bright future, every government economist/ agency in Thailand does.

[NeverSure]

Love the logic

Car orders drop at the show where most discounts and offers are offered, but will grow next year, because people prefer to pay more and get less.

Undisputed logic

Orders didn't drop:

"Inter Media Consultant’s chief executive Kwanchai Papaspong, organiser (sic) of the event, said car companies at the show received total booking orders for 42,000 vehicles, below his target of 50,000."

But he said that although the figure was below target, but it remained higher than last year’s booking order of 41,000 cars.

Orders went up by 1,000 vehicles, or 2.4% increase from last year. The results weren't at "his target" of 50,000. Which must include bikes.

If the show was a month or two later and the price of gas lower, sales might have been higher.

I think the posters are referring to other news on here that says that exports and domestic sales of cars are down significantly.

[arthurwait]

BANGKOK: -- Although this year's motor show reveals drop in booking orders, but overall market will see a normal growth with 900,000 vehicles to be sold.

Executives of Honda, Mazda, Suzuki were optimistic of the car sales although admitted the industry was still affected by the previous first car buyer scheme.

But they still believed sales of 900,000 cars could be achieved, which represented normal growth.

Meanwhile Thailand’s International Motor Expo 2014 ended Wednesday with car booking orders totalling 42,000 cars throughout the 12 days of show, missing the organiser’s target of 50,000.

Of which how many have approved finance or have any hope of paying it back ?

[maidee]

i hope they mean, cars for export,thai roads don't have enough cars yet ???

[JacChang]

im not sure I dig the looks of the new teana. classy ---> sporty wannabe?? huh

[BuddhistVirus]

Don't worry.

Next week there will come an announcement that sales will increase next year.

Right after the Khon Kaen F1 race in 2015.

Oh, they already said sales will increase next year. Line 2, 900,000 cars. Line 3, 5% growth.

Every good announcement in Thailand is about something that's going to happen, even if what's happening is bad.

Yes indeed.

Thailand Motor Show expected to propel slowing auto market.

http://www.thaivisa.com/forum/index.php?/topic/776384-Thailand-Motor-Expo-expected-to-propel-slowing-auto-market