2017 shaping as intriguing year for Thai auto industry

[webfact]

2017 shaping as intriguing year for Thai auto industry
By KINGSLEY WIJAYASINHA
THE NATION

 

 

BANGKOK: -- WHILE 2016 can be considered a tough year for Thailand’s auto industry because of several negative factors, 2017 promises an interesting mix of new product launches and technological innovations.

 

With the carbon-dioxide-based excise duty reaching its second year, true demand for autos is coming back and 2017 may see the industry enjoying slight growth over 2016, according to experts.

 

After five years, a large number of people who took advantage of a government tax-break scheme for first-car buyers are also now eligible to transfer ownership, and many will be considering replacing those vehicles with newer models.

 

While not many new cars were introduced in 2016, with some being postponed to this year because of the passing of His Majesty King Bhumibol Adulyadej, 2017 will see more new models launched in Thailand.

 

Full story: http://www.nationmultimedia.com/news/business/automobiles/30303781

 

-- © Copyright The Nation 2017-01-10

[Brer Fox]

If the number of vehicles destroyed daily in the carnage on Thai roads is anything to go by then there is likely to be a surge in the number of cars manufactured and sold.

[GeorgeCross]

2017 shaping as intriguing year for Thai Japanese auto industry

[Don Mega]

2017 shaping as intriguing year for Thai/American/Japanese auto industry

[Srikcir]

5 hours ago, webfact said:

many will be considering replacing those vehicles with newer models.

Will first time car buyers decide to buy used cars as they are dumped into the market at bargain prices instead of the more expensive new cars? Especially those first time car buyers who previously depended on minibus and pickups for cheap transportation now being consideed by the government to be abolished.

[kaleevala]

What will happen to all of those submerged cars in South Thailand???

[elgordo38]

8 hours ago, webfact said:

After five years, a large number of people who took advantage of a government tax-break scheme for first-car buyers are also now eligible to transfer ownership, and many will be considering replacing those vehicles with newer models.

My how times have changed. Trading cars every 5 years. Should make the banks happy on car loan rollovers. The new loan no doubt will have a little carry over from the old loan. Pyramid financing.