Showing 1 - 7 of 7
Auto loan rejections hurting industry
Lamonphet Apisitniran, Published on 11/06/2024
» Auto loans from banks are probably 100-200 billion baht lower than expected so far this year because of concerns over non-performing loans, which threatens to affect the entire automotive supply chain, according to the Federation of Thai Industries (FTI).
Rever Leasing aims to lead EV loan market
Somruedi Banchongduang, Published on 17/04/2024
» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.
Thailand motorcycle sales could slip
Yuthana Praiwan, Published on 09/02/2024
» Thai Honda Co, a manufacturer and distributor of motorcycles, expects domestic sales to dip slightly this year to 1.7-1.75 million units because of rule changes enforced to control high household debt.
Auto sector faces bumpy sales
Lamonphet Apisitniran, Published on 05/02/2024
» The automotive industry is expected to have unequal sales growth this year, driven by motorists' changing lifestyles and choices by lenders.
Auto loan segment volatile
Somruedi Banchongduang, Published on 20/01/2024
» Thailand's uneven economic recovery has affected some auto loan borrowers and increased default risk.
Car output poised to reach 2m vehicles
Lamonphet Apisitniran, Published on 10/01/2024
» Thailand's car manufacturing is likely to reach 2 million vehicles, including electric vehicles (EVs), in 2024 despite economic challenges both domestic and external, says the Federation of Thai Industries (FTI).
EV seizures set to increase
Lamonphet Apisitniran, Published on 09/01/2024
» Concerns over non-performing loans (NPLs) in the automotive industry have expanded to the electric vehicle (EV) segment as some buyers may not be able to pay instalments for their EV, amid a rapid sales increase.