Car exports for January drops 14.53 percent, the lowest in 19 months

[webfact]

Car exports for January drops 14.53 percent, the lowest in 19 months

 

 

BANGKOK: -- The number of fully-assembled cars exported for the month of January was registered at 80,097 units, representing a drop of 14.53 percent compared to a month earlier which was the lowest in 19 months, said Mr Surapong Paisitpattanapong, vice chairman and spokesman of the automotive sector of the Federation of Thai Industries, on Thursday.

 

He noted that export of pickup trucks to all markets dropped with the exception of markets in Australia and northern America with the export value amounting to 41.42 billion baht, representing 18.1 percent decline.

 

Export of motorcycles, on the other hand, increased 18.85 percent to 152,000 units for the month of January compared to 135,000 units in December – an increase of 12.13 percent.

 

Full story: http://englishnews.thaipbs.or.th/car-exports-january-drops-14-53-percent-lowest-19-months/

 

-- © Copyright Thai PBS 2017-02-24

[Srikcir]

Why the decline? It's substantial!

On a vehicle value-to-vehicle value basis, the loss of a car export is a much worse event than a gain in a motorbike export.

Government will have to increase tourism 100% or 34% GDP to shelter the shock to the economy.

[elgordo38]

1 hour ago, Srikcir said:

Why the decline? It's substantial!

On a vehicle value-to-vehicle value basis, the loss of a car export is a much worse event than a gain in a motorbike export.

Government will have to increase tourism 100% or 34% GDP to shelter the shock to the economy.

It could be the start of a new trend. People cannot afford cars and trucks anymore so its back to the old standby motorbike. 

[Cake Monster]

A large amount of the 14.5 % decline in vehicle exports will be offset with the domestic market. judging by number of " red plate " vehicles that are using the roads.

Of course, this will only be a short term " band aid " to the ailing motor sector because many of these " red plate " vehicles will be being purchased on credit terms over a 7 year period, which is the real reason for the grid locked roads, and not , as the Government has stated, that Thais are getting richer.

 

[elgordo38]

2 hours ago, Cake Monster said:

A large amount of the 14.5 % decline in vehicle exports will be offset with the domestic market. judging by number of " red plate " vehicles that are using the roads.

Of course, this will only be a short term " band aid " to the ailing motor sector because many of these " red plate " vehicles will be being purchased on credit terms over a 7 year period, which is the real reason for the grid locked roads, and not , as the Government has stated, that Thais are getting richer.

 

I think you could piggy back loans for about 7 vehicles. If your not done paying for the first one just add the balance to the second one and so on. By the time you reach vehicle 7 its game over and bank manager stamps your application refused. Its a fools paradise. My grandson is caught in this trap. 

[whatawonderfulday]

No one in the civilised West wants to buy outdated pick-ups which accounted for the majority of export sales. Most Thai manufactured picks are based on agricultural dynamics outwith the expectations of the developed world.  Leaf springs a prime example not to mention poor finish.

[Cake Monster]

Having owned and driven a Nissan Navara Pickup in the UK back in 2006, I can honestly say that the specifications of the trucks here in Thailand is very poor indeed.

The specs here today are well off what was the norm back in 2006 for the UK.

So yes, from first hand experience the trucks are outdated and poorly finished, but because its all the Thai public know, they are the mutts nuts to them.