Showing 1 - 10 of 17
Buyer's market
Published on 02/09/2024
» More vehicles with fewer signs of wear entering the used car market is not always good news for sellers, although buyers certainly appreciate it.
Oil prices remain under pressure after the OPEC policy change to increase oil production
Published on 18/06/2024
» ICE Brent crude oil prices have been hovering around $80 to $90 per barrel since early February, supported by OPEC+ crude oil production cuts and conflicts in the Middle East. However, at the beginning of June, prices fell back below $80 per barrel after an OPEC+ policy change. On June 2nd, the OPEC+ group decided to increase oil production by a total of 2.2 million barrels per day (0.18 million barrels per day per month from October to December 2024 and 0.213 million barrels per day per month from January – September 2025) which is the main supply pressure on prices. PTT Trading’s international market analysis team predicts that ICE Brent crude prices will range between $75 and $85 per barrel in Q3 2024.
FTI urges auto parts producers to diversify
Lamonphet Apisitniran, Published on 18/06/2024
» Local auto parts manufacturers are being urged to adapt to the technological disruption caused by electric vehicles (EVs) and transition to the production of medical devices, which are expected to have a promising business future, says the Federation of Thai Industries (FTI).
PM not worried by Suzuki Motor exodus
Published on 08/06/2024
» Prime Minister Srettha Thavisin has expressed confidence that other auto manufacturers will not withdraw their production bases from Thailand, following the decision of Suzuki Motor Corporation to do so.
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.
EV sales rise at motor show
Business, Lamonphet Apisitniran, Published on 02/04/2024
» Bookings for electric vehicles (EVs) are expected to keep growing throughout the Bangkok International Motor Show, thanks to the launch of new EV models and sales promotion campaigns, says the Federation of Thai Industries (FTI).
Tesla sold only one car in Korea in January
Bloomberg News, Published on 07/02/2024
» SEOUL - Tesla Inc sold just one electric vehicle (EV) in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.
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.
Changan set to produce electric SUVs locally
Business, Lamonphet Apisitniran, Published on 13/12/2023
» Chinese electric vehicle maker Changan Automobile plans to start producing sport utility vehicles (SUVs) from its Rayong factory in the first quarter of 2025, a move expected to intensify competition in the fast-growing Thai EV market.