Thailand Auto Finance Market is expected to generate more than THB 1.7 Trillion credit disbursed in 2026F driven by Growth in Online Retail and Logistics: Ken Research Thailand’s Auto Finance Market is in the maturity stage, driven by road infrastructure development, economic growth in the country, and a dramatic increase in trading partners and export earnings. Major entities in the market are Banks and Captives that are 90-100 years old offering variety of financing services. Thailand’s market uses the traditional way of… Read More »
Thailand auto finance market is expected to grow in the upcoming years driven by the increasing purchasing power of the consumers and EV adoption: Ken Research 1. Thailand’s auto finance market witnessed a decline in growth rate over the period of time with more than THB 1 Trillion credit disbursed in 2021 Due to the COVID-19 pandemic, vehicle loans have been disrupted for a number of reasons, including a decrease in the quantity of chips required for mass-produced automobiles. During the epidemic… Read More »
Increased usage of online platforms and technologies in auto financing are some of the key trends in Thailand’s Auto Finance Market: Ken Research Government investment and growth in online retail and logistics created a greater demand for commercial vehicles in the country, where the Auto finance market of Thailand has seen some major growth in the share of commercial vehicles post covid-19. Decline in Growth Rate: Since people purchasing power decreased due to the epidemic, there has been… Read More »
Thailand Auto Finance Market Research Report: Ken Research How Thailand Auto Finance Market Is Positioned? The auto finance market has played an imperative role in the overall GDP contribution in the Thai economy with a valuable contribution of ~ in terms of auto loan disbursed by the end of 2019 (Provisional). The market compasses similar trends fairly in-line with the domestic vehicle sales market, qualitatively… Read More »
Thailand Auto Finance Growth is driven by Rise in Number of Financing Options and high Financial Penetration Rate: Ken Research “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… Read More »
Thailand Auto Finance Market Outlook to 2024: Ken Research The report titled “Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth” provides a comprehensive analysis of the auto finance market in Thailand. The report focuses on overall market size in terms of credit disbursed, auto loan disbursed, auto loans outstanding… Read More »
Thailand Auto Finance Market Research Report and Market Forecast: Ken Research What is the Current Potential of Thailand Auto Finance Market? 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… Read More »
Thailand Auto Finance Market is Driven by Growth in Captive Finance Companies, Rising Farm Incomes and Higher Disposable Income of Middle Class: Ken Research 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… Read More »
Thailand Auto Finance Market Outlook to 2023: Ken Research 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” provides a comprehensive analysis of Thailand’s Auto Finance Market including market evolution, overview, genesis, market size, and market segmentation. The extensive focus has been placed in quantifying… Read More »
