Thailand Autos Report Q4 2016

Thailand Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262264
Pages: 38
Format: PDF
Delivery: Immediate download

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BMI View: We maintain our view that weak consumer confidence in the Thai economy coupled with high household debt levels and elevated car prices will lead to a contraction of 5.3% in vehicle sales in 2016.

Key Views
• Vehicle sales will contract 5.3% in 2016.
• Waning consumer confidence in the economy will translate into weak demand for new car purchases as consumers remain cautious about spending on big ticket items.
• High household debt levels will mean consumers will be less willing to take up vehicle financing.
• The effects of the new vehicle excise tax will continue to drag on vehicle sales growth.
• Construction of public infrastructure projects will drive demand for commercial vehicles
• We expect commercial vehicles to outperform passenger vehicle sales.

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By market: Thailand (in Asia)

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