Thailand Autos Report - Business Monitor International - Industry Reports

Thailand Autos Report

Thailand Autos Report - Business Monitor International - Industry Reports
Thailand Autos Report
Published Sep 03, 2016
38 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The introduction of a new excise tax, which took effect in January ----, will lead to an increase in the prices of vehicles that do not meet the new carbon dioxide (CO-) emissions and will drag down growth in vehicle sales over our forecast period. From January ----, new vehicles sold in Thailand will be subject to a new excise tax based on carbon emissions, E---gasohol and fuel efficiency. ...Vehicles releasing more than --- grams per kilometre of CO- emissions will be taxed at a rate of up to -- . While low emission vehicles stand to benefit from the new excise tax levies in terms of lower retail prices and increased vehicle sales, vehicles that do not meet the new carbon emission requirements will be negatively affected in terms of higher production costs and higher pricing. This new excise tax will impact the commercial vehicle segment the hardest as they produce larger amounts of CO- emissions than passenger vehicles. ...This new excise tax will impact the commercial vehicle segment the hardest as they produce larger amounts of CO- emissions than passenger vehicles. The benefits of the new tax will be added incentives for vehicle manufacturers to produce more eco-friendly vehicles in order to avoid increased costs and price sensitive consumers will benefit from more competitively priced vehicles.

...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 -.- in vehicle sales in ----. Passenger Car And Light Commercial Vehicle Sales (---------) Thailand - Passenger car sales, units Thailand - Light commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- -,---,--- f = BMI forecast. ...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 -.- in vehicle sales in ----. Passenger Car And Light Commercial Vehicle Sales (---------) Thailand - Passenger car sales, units Thailand - Light commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- -,---,--- f = BMI forecast. ...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.

...We maintain our view that Thai vehicle sales will contract -.- by the end of ----, as weak consumer confidence in the economy, high levels of household debt, and elevated car prices combine to weaken vehicle demand. Over the year, we expect weak consumer confidence and vehicle excise taxes to weigh down growth in the passenger car segment, while large-scale public infrastructure investment, which will continue to fuel construction activity in the country, helps to drive demand for commercial vehicles (CVs). ...We maintain our view that Thai vehicle sales will contract -.- by the end of ----, as weak consumer confidence in the economy, high levels of household debt, and elevated car prices combine to weaken vehicle demand. Over the year, we expect weak consumer confidence and vehicle excise taxes to weigh down growth in the passenger car segment, while large-scale public infrastructure investment, which will continue to fuel construction activity in the country, helps to drive demand for commercial vehicles (CVs). Given these factors, we forecast passenger car sales to contract by --.- in ----, while CV sales will expand -.- . ...

  
Source:
Document ID
1749-0219
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Thailand Autos Report" Sep 03, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Autos-Report-2026-1>
  
APA:
Business Monitor International - Industry Reports. (2016). Thailand Autos Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Autos-Report-2026-1>
  
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