Used Car Sales Thailand

According to analysts at K Research car sales will probably increase by around 5% this year which will bring the number of sales from around 830,000 to around 870,000 units sold

The bullish interest rate and rise in energy prices have not deterred car interest in smaller passenger cars and eco models, which, as the research house has added, will put the car loans at around 500-600 billion baht. That’s around 9,000 baht for every Man, woman and child in Thailand.

Car debt

The lenders will be battling it out over pricing strategies and there’s not much in it. Auto-loan interest rates may edge up slightly by 0.1 to 0.2 per cent over the 2010 year-end rates, to reach 2.1 or 2.2 per cent, tailing off slightly to attract more from the motor expos

Funding costs hikes will probably outweigh any increases in interest rate rises – or on a par with them, considering that pricing structures in the auto-loan business have been skewed somewhat by fierce competition between lenders attempting to take the larger market shares.

The analysts also see little movement in their lending criteria as they will still require 20-25% deposit and maximum term over 60 months, again this is the reason Thailand is awash with 1 year old cars for sale.

We will not see much change in the names of the big lenders and it will also lead to a slightly higher number of people selling the cars for cash as they can not afford the payments.

Car finance

Financially speaking a car is an awful investment and going to the bank to get the money and pay ‘interest on a loan on an awful investment’, seems ludicrous , but a car is a car and it is essential for some families and business. and  the Thais will always see the car/truck as a status symbol and will not be deterred very much from this thinking.

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The 2010 Thailand International Motor Expo in Bangkok not to be mistaken with the International auto show held in April/March. was held at Bitec and was a great success and it gives a real good guideline to how the industry will perform in 2011

36 Car producers and three motorcycle manufacturers from 13 countries worldwide exhibited vehicles at the event. The annual automobile exhibition and sale is one of Thailand’s largest events. Organizers expect to bring in 765 million dollars in revenue from pre-orders at the show.

Ford spared no expense and used the beautiful Thai models to bring a little panache to the show hey who’s complaining??

Sexy Thai cars

One dealer Tata motors said:
“Until today we have received more than 400 pre-orders compared to about 290 orders we got from this event last year. So, we can see continual growth of the market here.”

Nearly 10,000 preorders were made in the first week of the show, compared to 8,300 at 2009’s event.

This year there was a demand for small cars that are more environmentally-friendly with low carbon emissions. This, with next years out look favorable for the car industry in Thailand with 157,094 units produced nationally in November which is the highest ever figure recorded. Thai exports of cars exceeding 500 million and with domestic sales up by over48% in the first 11 months compared to the same time period last year.

Toyota leads the pack still with 288,837 domestic  sales Isuzu second with 135,363 sales Honda with 102,084 sales in Jan-Nov 2010

Next years Motor expo show is reported to be at Bitec

Since the launch of the New Audi A3 the RS3 wasn’t far behind and here is some news for the Americans, we will see the RS3 on this side of the world long before the West gets a sniff, we went to have a look……

The RS3 is powered by a 340hp/450Nm 2.5-litre inline-five turbo engine. With a meaty seven-speed dual-clutch automatic and four-wheel-drive system, performance is 4.6 seconds to reach 100 kmph with 11 KPL average economy.

Audi RS3

Audi have lowered the height of the car by 25 mms from the standard A3 and many parts of the suspension have been made lighter as they are made of aluminum, for a sportier feel.

The large turbocharger generates up to 1.2 bar of boost pressure. The intercooler downstream achieves an efficiency rate of over 80 percent. Like all Audi gasoline turbos, the 2.5 TFSI combines turbocharging technology with FSI direct injection. The marriage of these two technologies facilitates a high compression ratio (10.0:1) along with a correspondingly high efficiency ratio.

The RS3 differentiates itself from its cousin the standard A3 with Xenon lights, new Apron and grille Twin exhausts, all black interior, bucket seats.

Deliveries are expected early 2011 and at a price tag of 6 million baht it won’t be long before you see some of these in a second hand car showroom and the monthly payments expected by the bank will be a similar budget to NASA.

RS3 Sportback

To find out how to own one of these without a loan CLICK HERE

Global car buyers

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New car sales in Thailand grew 40.3% in September from a year ago, marking a 13th straight month of consecutive increases, according to a local dealer of Toyota Motor Corp.In September sales reached 68,261 units, Toyota Motor Thailand, which compiles sales figures for the industry announced recently.

Improved economic conditions are engineering domestic vehicle sales, it said.Toyota Motor Thailand believes sales will grow we were told.

While sales in the final quarter have traditionally been the strongest during the year due to the start of the country’s new fiscal year on Oct. 1 and as agricultural products are being harvested, the company said that sales could be hurt by floods in parts of Thailand.

Total sales for the January to September period rose 51.8% to 556,349 units.

Toyota remained the market leader in September with a 41.4% market share, followed by Isuzu Motors Ltd. (7202.TO) with a 17.3% share.

Passenger car sales in September shot up 46.6% to 31,401 units. Toyota had the largest share of the segment at 40.1%, while Honda Motor Co. (7267.TO) had 29.7% .

Sales of commercial vehicles, including one-ton pickup trucks, rose 35.4% to 36,860 units, with Toyota capturing 42.7% of the market, while Isuzu had a 34.8% share.

Fortuner Toyotas best selling 4x4

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