Thailand Auto Finance Market is Driven by Growth in Captive Finance Companies, Rising Farm Incomes and Higher Disposable Income of Middle Class: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Improved technology, development of financial infrastructure, expanded the regional presence of supply-side entities, favorable government regulations, high household disposable income, growing consumer confidence index, increased use of used cars and rising demand from commercial vehicles have been the key factors driving growth in Thailand auto finance market. First Car Buyer scheme came up in 2011 by the populist government in Thailand. It was an incentive introduced to encourage the low-income earners to buy or reserve a car and benefit from the generous tax bonuses provided. The tax refunds amounted to up to 100,000 baht for a medium sized car. Approximately 1.1 million vehicles were bought under this scheme in 2016. The lock-up period for the scheme was 5 years. Motorcycle sales shot up during the same period as a result of high prices of agricultural products which have driven the farm income and usage by farmers, caused partly by the rice-pledging scheme and partly by high oil prices which averaged at USD 106.8 per barrel during 2011-2013. The report titled “Thailand Auto Finance Market Outlook to 2023 – by Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New and Used Passenger and Commercial Vehicles” suggests that the growth key is in the hands of the Thailand government to unlock infrastructural and policy barriers restraining the industry. This would lead the market to grow to register a CAGR close to 4% on the basis of credit disbursed during 2018-2023. The majority of the expansion in hire-purchase sales in these years came from financial institutes and from captive finance, with the latter group playing an increasingly important role in the sector after 2011. Following the boom period, the market showcased a sharp slowdown in growth in the auto hire purchase sector in 2014 and 2015. Following the burst, the market is yet to fully recover however by the end of 2018; it had set to generate positive returns. The first half of 2016 experienced poor results in the automobile as well as the motorcycle market owing to the weak household purchasing power during the same. The auto hire-purchase sector tends to align itself with the domestic market for automobiles. Given its relationship with this market, the sector naturally plays an important role in the overall growth of the economy. During the last 5 years, the hire-purchase market has been sluggish and thus lenders (supply side entities) have relied on financing other range of products and have extended reach into related markets. This has included supplying ‘car for cash’ credit, which is fundamentally a loan tenable on a vehicle, and ‘floor plan’ arrangements, which provide financing to auto dealers for orders and purchases of vehicles and for working capital. Between 2011 and 2013, the sector experienced high levels of growth owing to the incentive provided by the first-car buyer scheme. The penetration rates for both new and used cars have increased for the Thailand auto sector owing to the increased household disposable income. The penetration rates have increased also because of the fall in the fuel prices at USD 0.68 in 2016 per liter from USD 0.9 per liter in Thailand in 2015. The prices have seen a general decline along the review period from 2013-2018. Major financing companies reported strong financial performance with quality auto-loan growth and healthy liquidity positions. The Non-performing loans (net to total loans) were recorded at 1.19%. Financing companies adopted the risk-averse strategy in vehicle financing by prioritizing loans for the best-selling cars while penetrating a second-hand vehicle market for an optimal risk-return trade-off. The lending interest rates in Thailand decreased to 4.3% per annum in 2018 and recorded a declining CAGR of -3.3% during 2013-2018. The falling interest rate is an indication of favorable financing conditions for the citizens and this is thus an important aspect of increased financing. All of these factors have contributed to the positive growth witnessed by the sector. Key Topic Covered in the Report:- Auto Finance in Thailand Thailand Car Finance Market Thailand Vehicle Finance Market Overview Thailand Car Finance Industry Thailand Auto Finance Market Thailand Auto Credit Disbursed Thailand Auto Loan Outstanding Thailand Auto Finance History Thailand Vehicle Finance Ecosystem Thailand Car Loan Value Chain Thailand Auto Finance End-User Thailand Auto Finance Product Thailand Auto Finance Major Players Thailand Auto Finance Trends Thailand Auto Finance Institutions Thailand Auto Loan Challenges Thailand Car Loan Forecast Thailand Auto Finance Major Players Loan Sale Purchase Thailand Loan Outstanding Thailand New Car Finances Thailand Old Car Finance Thailand Leasing Market Thailand Auto Leasing Market Thailand Bank Auto Finance Thailand Non-Bank Institutes Thailand Captives Thailand Auto Finance Motorbike Loan Thailand Truck Loan Thailand Key Segments Covered:- Type of Vehicles (Passenger Vehicles and Commercial Vehicles on the basis of Credit Disbursed and Auto Loan Outstanding) New and Used Cars (On the Basis of Number of Vehicles Financed and Auto Loan Outstanding) Type of Institutions (Banks & Subsidiaries, Captive Finances and Non-Bank Financial Institutes on the Basis of Auto Loan Outstanding) Loan Tenure (1 Year, 2 Years, 3 Years, 4 Years, 5 and more years on the basis of Auto Loan Outstanding) Key Target Audience: Existing Auto Finance Companies Banks & Subsidiaries Captive Finance Companies Non-Banking Financial Institutions New Market Entrants Automobile Financing Companies Government Organizations Investors Automobile Associations Automobile Original Equipment Manufacturer Time Period Captured in the Report: Financial Year 2013-2018: Historical Period Financial Year 2019-2023: Future Forecast Companies Covered: Banks: Thanachart Public Company Limited, Siam Commercial Bank Public Company Limited, Kasikorn Bank Public Company Limited, Kiatnakin Bank Public Company Limited, Bank of Ayudhya Public Company Limited and TISCO Bank Public Company Limited Subsidiaries: Ratchthani Leasing Public Company Limited, Thanachart Group Leasing Company Limited, Ayudhya Capital Auto Lease Public Company Limited, Ayudhya Capital Services Company Limited, Krungsri LEASING Services Company Limited, Ngern Tid Lor Company Limited, TISCO Leasing Company Limited, TISCO Tokyo Leasing Company Limited, Kasikorn Leasing Company Limited AND Kiatnakin Leasing Company Limited. Captive Finances: Toyota Leasing Thailand, Mercedes-Benz Leasing, BMW Financial Services, MITSU Leasing Thailand, Ford Services Thailand Company Limited, Honda Leasing Thailand Company Limited, Hyundai Motor Thailand Company Limited, Kia Motors Finance, Mazda Financial Services Limited, Suzuki Motor Thailand Company Limited, Volvo Financial Services, Tri Petch Isuzu Leasing Company Limited, Land Rover Financial Services, Mini Financial Services, Porsche Financial Services And Thai Rung Union Car Public Company Limited Non-Banks: Ayudhya Capital Services Company Limited, Ayudhya Capital Auto Lease Public Company Limited, Asia Sermkij Leasing Public Company Limited, Ngern Tid Lor Company Limited, Jmt Network Services, SGF Automotive, Thai Ace Capital, Aeon Thana Sinsap Public Company Limited, Summit Capital Leasing Company Limited, Nakonluang Capital Public Company Limited, J Money Company, G Capital Public Company Limited, and Thiensurat Leasing Company Limited For More Information on Research Report, Click On the Link:- https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/thailand-auto-finance-market/179514-93.html Related Reports By Ken Research https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/indonesia-car-finance-market/142267-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/egypt-car-finance-market/124560-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/uae-car-finance-market/110143-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/saudi-arabia-car-finance-market/125720-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/india-car-finance-market-report/679-93.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Auto Finance in Thailand, Auto Finance Industry in Thailand, Auto Finance Market in Thailand, Auto Leasing Market Thailand, Auto Loan Outstanding Thailand, Bank Auto Finance Thailand, Captive Finance Companies Thailand, Captives Thailand Auto Finance, Commercial Vehicle Finance Thailand, Credit Disbursed Auto Finance Thailand, Industry Research Report of Thailand Auto Finance Market, Leasing Market Thailand, Loan Outstanding Thailand, Loan Sale Purchase Thailand, Market Research Report of Thailand Auto Finance Market, Motorbike Loan Thailand, New Car Finances Thailand, Non Bank Financial Institutes Auto Finance Thailand, Non Bank Institutes Thailand, Old Car Finance Thailand, Siam Commercial Bank Public Company Limited Auto Finance, Thailand Auto Credit Disbursed, Thailand Auto Credit Future Growth, Thailand Auto Finance, Thailand Auto Finance End User, Thailand Auto Finance Growth Drivers, Thailand Auto Finance History, Thailand Auto Finance Industry, Thailand Auto Finance Industry Analysis, Thailand Auto Finance Industry Research Report, Thailand Auto Finance Infrastructural Hurdles, Thailand Auto Finance Institutions, Thailand Auto Finance Major Players, Thailand Auto Finance Market, Thailand Auto Finance Market Analysis, Thailand Auto Finance Market Outlook, Thailand Auto Finance Market Research Report, Thailand Auto Finance Product, Thailand Auto Finance SWOT Analysis, Thailand Auto Finance Trends, Thailand Auto Loan Challenges, Thailand Auto Loan Government Bodies, Thailand Auto Loan Government Regulations, Thailand Auto Loan Outstanding, Thailand Auto Loans Competitive Scenario, Thailand Bank of Ayudhya Public Company Limited Auto Finance, Thailand Car Finance Industry, Thailand Car Finance Market, Thailand Car Finance Regulatory Hurdles, Thailand Car Finance Revenue Streams, Thailand Car Loan Forecast, Thailand Car Loan Value Chain, Thailand Kasikorn Bank Public Company Limited Auto Finance, Thailand Kiatnakin Bank Public Company Limited Auto Finance, Thailand Thanachart Public Company Limited Auto Finance, Thailand TISCO Bank Public Company Limited Auto Finance, Thailand Vehicle Finance Ecosystem, Thailand Vehicle Finance Market Overview, Thailand Vehicle Finance Tax Implications, Truck Loan Thailand