Thailand Auto Finance Growth is driven by Rise in Number of Financing Options and high Financial Penetration Rate: 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 “While oil price in 2019 is expected to linger at a relatively high level, government bodies are encouraging EV production via incentives and tax reductions. In alignment with this wave, the Thai Finance Ministry reduced excise tax rates for EV cars since 2017, driving domestic sales of hybrid electric vehicles (HEVs), battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). This trend will likely continue into 2019 despite the expected decline in the overall domestic automotive sales”. Analysts at Ken Research in their the latest publication “Thailand Auto Finance Market Outlook to 2024: Growing The prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a The catalyst for Market Growth” believe that the market demand is likely to follow a growing trend in the near future due to a forthcoming increase in the used cars sales and a shift towards newer models of mobility such as car-sharing and leasing, which will, in turn, help the economy grow as well. Some positive factors expected to impact the market are the influx of digitization based lending models (introduction of fin-tech products), the spread of customized loan products and a further rise in the penetration rate of banks and captive finance. The market is anticipated to register a positive CAGR of 8.8% in terms of credit disbursed and 10.2% in terms of the total loan outstanding during the forecasted period 2019-2024. Important Role of Thai Captive Finance Institutions: Working in association with dealers, captive companies used a variety of strategies to promote sales as a way of reducing large stock holdings, which following the earlier period of expanded output by manufacturers had grown too high levels. Among these strategies, they introduced ‘balloon loans’. These loans are a way of extending financing to low-income groups and are structured so that payments for each installment are low, with the outstanding balance paid off by a large lump-sum payment in the final period. In addition, installment periods were extended to 3-6 months each so that individuals who have seasonal incomes, such as many of those who work in the agricultural sector could also gain easier access to credit. Simplification of Lending Process: With indirect lending gaining precedence over direct lending, the loan process doesn’t involve communication between the credit institution and the consumer for discussing loan terms and payments. With flexible payment options being introduced, the spotlight has shifted from affordability to convenience. Borrowers are now looking for flexibility in loan terms as well as refinancing options if the need arises. Lenders have been introducing customized products in order to cater to the needs of different consumer profiles and online lending models have simplified and improved the ease with which borrowers can compare and avail financing for their vehicle. Investment by Japanese Automakers will act as a catalyst to Revenue Growth: Several Japanese automakers have conveyed plans for further investment within Thailand, which should help the government implement its roadmap to build a globally competitive automotive industry. The investment will be used to expand the company’s business in Thailand during the period of 2019-2023. This will further boost up the sales of various passenger car companies in Thailand thereby, creating a positive impact on the Thailand auto finance market. Key Segments Covered:- By Vehicle Financed New Vehicles Used Vehicles By Lender Institutions Banks Captives Non Banking Finance Companies (NBFCs) By Type of Finance Passenger Vehicle Commercial vehicles Registration Pledge Floor Plan By Type of Vehicle New Auto Used Auto Motorcycles By Loan Tenure between New and Used Autos One Year Two Years Three Years Four Years Five Years or more Key Target Audience Existing Auto Finance Companies Banks OEM Dealerships Captive Finance Companies Credit Unions Private Finance Companies New Market Entrants Government Organizations Investors Automobile Associations Automobile OEMs Time Period Captured in the Report: Historical Period: 2014-2019P Forecast Period: 2019P-2024F Key Companies Covered: Banks Thanachart Bank Ayudhya Bank Siam Commercial Bank TISCO Bank Kiatnakin Bank Kasikorn Bank ICBC Bank Krungthai Bank NBFCs Muangthai Capital Asia Sermkij Leasing Nakhon Luang Capital Limited Thitikorn Summit Capital Group Lease Aeon Thana Sinsap G Capital Public Limited Thai Ace Capital SGF Capital JMT Network Phatra Leasing Company Mitsib Leasing Captives 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 Thai Rung Union Auto Public Company Limited Key Topics Covered in the Report:- Thanachart Bank Auto Hire Purchase Market Mercedes-Benz Car Finance Market Analysis Muangthai Capital Car Loan Market Share Aeon Thana Sinsap Net Interest Income in THB Million Motorbike Loan Market Thailand Best Car Financing Options Thailand Two Wheeler Loan Market Thailand Car Loan interest Rate Thailand Auto Loan Car Sales Thailand Digitization of Vehicle Finance Market Thailand Thailand Light Truck Finance Industry Analysis Banks Finance Market Share Thailand Non-Banking Finance Companies Revenue in Thailand Thailand Auto Loan Outstanding in THB Billion For More Information On The Research Report, Refer To Below Link:- Thailand Auto Finance Market Analysis Related Reports by Ken Research:- Vietnam Auto Finance Market Outlook to 2023 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial) Philippines Auto Finance Market Outlook To 2023 – By Banks And NBFCs Including Captive Units (Auto Loan Portfolio And Motor Cycle Loan Portfolio), By New And Used Motor Vehicles, By Motor Vehicle Financed (Passenger And Commercial Vehicles), By Loan Time Period. Indonesia Auto Finance Market Outlook To 2024: Growing Prominence Of Captive Finance Companies Backed By Surging Auto Sales To Drive Market Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Aeon Thana Sinsap Net Interest Income in THB Million, Asia Sermkij Leasing Auto Loan Growth Rate, Auto Finance Industry Thailand, Auto Finance Market Thailand, Auto Finance Thailand, Auto Leasing Market Thailand, Auto Loan Car Sales Thailand, Auto Loan Outstanding Market Thailand, Automobile Loan Market Thailand, Ayudhya Bank Auto Hire Purchase Outstanding Market, Banks Finance Market Share Thailand, Best Car Financing Options Thailand, Captive Finance Companies in Thailand, Captives Thailand Auto Finance Market, Captives Thailand Auto Finance Market Share, Car Loan interest Rate Thailand, Commercial Vehicle Finance Market Thailand, Credit Disbursed Auto Finance Market Thailand, Digitization of Vehicle Finance Market Thailand, Kiatnakin Bank Auto Loan Market Share, Leasing Market in Thailand, Light Commercial Vehicle Finance Market Thailand, Mercedes-Benz Car Finance Market Analysis, Motorbike Loan Market Thailand, Muangthai Capital Car Loan Market Share, NBFCs Thailand Auto Finance Market Size, Non Bank Auto Financial Institutes Thailand, Non-Banking Finance Companies Revenue in Thailand, Old Car Finance Market Thailand, Siam Commercial Bank Auto Hire Purchase, Thailand Auto Credit Disbursed Market Analysis, Thailand Auto Credit Market Future Growth, Thailand Auto Finance, Thailand Auto Finance Industry, Thailand Auto Finance Industry Research Report, Thailand Auto Finance Major Players, Thailand Auto Finance Market, Thailand Auto Finance Market Analysis, Thailand Auto Finance Market End User, Thailand Auto Finance Market Growth Drivers, Thailand Auto Finance Market Major Players, Thailand Auto Finance Market Outlook, Thailand Auto Finance Market Research Report, Thailand Auto Finance Market Segmentation, Thailand Auto Finance Market Tenure, Thailand Auto Hire Purchase Market, Thailand Auto Loan Market, Thailand Auto Loan Outstanding in THB Billion, Thailand Auto Loan Outstanding Market, Thailand Car Finance Market Revenue, Thailand Car Loan Market Forecast, Thailand Light Truck Finance Industry Analysis, Thailand New Vehicle Finance Market Share, Thailand Passenger Car Finance Market, Thailand Used Car Loan Market, Thailand Used Vehicle Finance Market Share, Thailand Vehicle Finance Market Analysis, Thailand Vehicle Loan Industry, Thanachart Bank Auto Hire Purchase Market, Thitikorn PCL Vehicle Loan Market size, TISCO Bank Auto Loan Market Growth Analysis, Toyota Leasing Thailand Car Loan Market Report, Truck Loan Market Thailand, Two Wheeler Loan Market Thailand, การวิเคราะห์ตลาดการเงินรถยนต์ในประเทศไทย, ตลาดการเงินรถยนต์ประเทศไทย, ตลาดการเงินรถยนต์ในประเทศไทย, ตลาดการเงินรถยนต์ไทย, ตลาดสินเชื่อรถยนต์ยอดเยี่ยมแห่งประเทศไทย, ปัจจัยขับเคลื่อนการเติบโตของตลาดสินเชื่อรถยนต์ในประเทศไทย, พยากรณ์ตลาดสินเชื่อรถยนต์ในประเทศไทย, รายงานการวิจัยอุตสาหกรรมนมและผลิตภัณฑ์จากนมถั่วเหลือง, รายรับจากตลาดการเงินรถยนต์ไทย, อุตสาหกรรมการเงินอัตโนมัติประเทศไทย, อุตสาหกรรมสินเชื่อรถยนต์ของไทย