Sign of slow economic recovery as sale of pickup trucks increases

[webfact]

Sign of slow economic recovery as sale of pickup trucks increases

 

 

BANGKOK: -- Market share of pickup trucks for the first half of this year increased to 43 percent from 39-40 percent six months earlier indicating gradual economic recovery, especially in the agriculture and transport sectors, resulting in the improvement of the purchasing power of the consumers, said Ms Yukonthorn Visetkosin, managing director of Ford Thailand.

 

Overall car sale for the first six months numbered 367,481, representing a slight drop of 0.4 percent compared to the same period a year earlier. These are broken down into 128,310 units of passenger cars, a drop of 12.6 percent; 239,171 commercial cars, an increase of 7.6 percent.

 

Of the 239,171 commercial cars, 192,558 were one-tonne pickup trucks, representing an increase of 12.2 percent.

 

As far as Ford Thailand is concerned, Ms Yukonthorn said the company’s overall car sale for the first seven months of the year totaled 21,000 units – a big jump of 26 percent from the same period in 2015.

 

Ford’s market share has increased from 6.6 percent last year to 8.5 percent this year. Over 15,800 pickup trucks were sold, representing 30 percent rise.

 

Source: http://englishnews.thaipbs.or.th/175610-2/

 

-- © Copyright Thai PBS 2016-08-10

[Thian]

Didn't they start with new rules for polluting cars this year?

 

Do pickuptrucks with big engines also pay more now like sedan cars?

 

 

 

[taichiplanet]

come in spinner!

17 minutes ago, webfact said:

Overall car sale for the first six months numbered 367,481, representing a slight drop of 0.4 percent compared to the same period a year earlier.

so an overall drop of 0.4% is a sign of recovery!!

[DrTuner]

Overall drop of 0.4% is a sign of recovery? Spin doctors are earning their keep.

Edited August 9, 2016 by DrTuner

[chainarong]

And! this is a good indicator that the economy is on the Up , order up a pickup truck , might be better with the Junta spiffs in charge to order up a large packet of Panadol .........................................................

[manhood]

I am still always surprise how the negative things are shown as positive here in Thailand...

but well the journalists have to report what the junta is telling them what has to be reported to make Thai people happy.

Reminds me on the communist countries  propaganda but at the end they all drown !

[KhunBENQ]

5 hours ago, Thian said:

Didn't they start with new rules for polluting cars this year?

 

Do pickuptrucks with big engines also pay more now like sedan cars?

Not really.

They raised sales tax on all car types.

But the raise for sedan was much higher than the marginal raise for pickups.

Still pickups have a much lower sales tax (more car for the money) than sedans.

The real reason behind the flood of pickup boulevard racers.

 

Wise, isn't it?

 

Even more bulky pickups on the roads, mall parking garages etc.

Can hardly wait to see the queues growing

Edited August 10, 2016 by KhunBENQ

[williamgeorgeallen]

5 hours ago, taichiplanet said:

come in spinner!

so an overall drop of 0.4% is a sign of recovery!!

yes but as a market share they sold more pickups than other types of cars, even if the overall number of pickups was less. very very weak story based on a very odd reading of figures. really scrambling for good news at the moment.

[anon467848]

Another reason for the increase in pickup sales is due to promotions on down payments and a whopping 84 months credit. I'll wager that most Thais don't realize how much interest they are paying.

 

It would be very interesting to see the official % increase in bank repossessions from last year. 

Edited August 10, 2016 by merlin2002

[Cake Monster]

Since the start of July, I have noticed a very sharp and sudden increase in " red plate " new vehicles ( not just pickup trucks ), and I will go as far as to say there are more new vehicles on the road now than in the Yingluck tax give-away scheme.

For many months. there were very few ( if any ) red plates on the road at all, but this sudden increase is like a tap has suddenly been turned on somewhere, allowing a large amount of borrowing, as surely all the vehicles would not be bought with cash.

Land sales prior to the new tax ? Banks trying to get a better share price before year end results ?

I really dont know the answer, just that there are a huge number of new vehicles on the roads.