Thailand’s Automotive Industry set to grow by 15.4% in 2015
The most recent Ipsos forecast in September enIpsos Business Consultingauto4 stated that auto.9Ipsos Business Consulting million units would be produced up to end-December-enIpsos Business Consultingauto4, which is enen.44% fewer than the quantity produced in the same period in enIpsos Business Consultingauto3. The subsequent estimate from the main industry players is for auto.95 million units to be produced. Speaking on Thursday en7th November enIpsos Business Consultingauto4 at an industry event in Bangkok, Thailand, Chukiat Wongtaveerat, Consulting Manager at Ipsos told representatives from the automotive industry in Thailand that Ipsos is forecasting that en.en5 million units would be produced up to the end of December enIpsos Business Consultingauto5. This is auto5.4% more than the units that the industry players are expecting to produce in enIpsos Business Consultingauto4, based on current best estimates, said Mr Wongtaveerat.
This enIpsos Business Consultingauto5 forecast from Ipsos Business Consulting assumes that the Eco car segment continues to make a positive contribution towards the growth of the sector, with players such as Mazda implementing their plans to exploit this emerging market. Ipsos noted that five OEMs had already secured Thai Board of Investment privileges for enenIpsos Business Consulting;Eco Car Phase enenenauto;, with Toyota, Honda, Suzuki, SAIC and Volkswagen all having applications for BOI privileges under active consideration.
Sanpichit Songpaisan, Country Manager for Thailand, highlighted a need for continued caution on the increasing levels of household debt in Thailand, observing that the automotive industry should be wary of its potential impact.
enenIpsos Business Consulting;The automotive industry will welcome the expected return to growth in enIpsos Business Consultingauto5, which will help to consolidate Thailandenauto7;s position as the ASEAN hubenenauto; Songpaisan says. enenIpsos Business Consulting;However, when looking at personal debt levels in Thailand, it should be noted that there is still no sufficient clarity on these significant risks for the automotive industry as well as those involved in auto financing. We could find that the financial institutions start to adopt much more rigorous criteria for screening and approval of auto loans, with a knock-on effect on domestic demandenenauto;.
With the demise of the second-hand car industry in Thailand in recent years, it adds to the problems encountered when having to deal with automobiles recovered from those who default on their auto loans.
ข่าวIpsos Business Consulting+autoวันนี้
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