ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Bangkok auto show fewer car buyers

Updated on April 5, 2016

Although there are many new models launched, but the number of visitors at the exhibition Order Automobile Bangkok has decreased for 4 consecutive years, reflecting the fact the market is less attractive.
Honda Civic Modulo
Honda Civic Modulo
Automobile Exhibition in Bangkok in 2016, had several new models hit the market, such as new-generation Honda Civic, Mercedes-Benz E-Class W213 version, upgrade version of the Honda Accord, Toyota Fortuner and Subaru Forester update pair...

Auto shows not merely the opportunity to introduce the product, but also a business opportunity of participating units, but according to the Bangkok Post, the number of tourists buying the car for 14 days exhibited decreased fourth year consecutive. specifically, the amount of orders reached only 32,571 this year, down 12% from last year, did not reach the target of 40,000 orders of the exhibition organizers.

Received the most orders are Honda this year's exhibition, with new-generation Civic received 4308 applications; followed by Toyota (4013 car), Nissan (3586 car), Mazda (3557 cars) and Mitsubishi (3,549 vehicles). In the luxury car segment, Mercedes-Benz received orders for half BMW (1,700 compared to 1,107 vehicles), though in the world, with higher sales BMW Mercedes. It is not surprising because in the Thai capital market popular Mercedes.

He Jaturont Komolmis - Director organizational unit - Grand Prix International Company, said the Thai auto market is in decline due to the economy.

More importantly, domestic consumers have rushed to buy cars in the second half of last year to avoid the calculation of excise tax to take effect from May 1/2016. The new tax is applied based on CO2 emissions, the level of compatibility with E85 biofuel and fuel consumption, rather than just based on engine size as before, the prices increased most vehicles .

"Although car prices increased only by 5% due to changes in excise taxes, and some manufacturers have not increased prices to avoid car sales decline in the first quarter, but the market is still quite sensitive," Mr. Jaturont said. He also said that the Thai automobile market can not rebound in the first half of this year, as banks tightened lending to buy cars.

Mr Surapong Paisitpatanapong - Association spokesperson Thai automotive industry - said the domestic market is still affected by a change in excise tax. 12/2015 consumption in the car for the first time in two years has exceeded 100,000 units due to consumers buying vehicles tax. Jump to month 1 and 2 of this year, stood at 51 715 sales and 57 090 units. Mr Surapong predicted consumption of domestic vehicles in Thailand will decline by 22.6% to 153,000 units in the first quarter of this year, ie the automotive industry are counting on exports.

Intelligent Update

According to the Bangkok Post

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)