Thailand Used Car Market Growth Is Propelled by The Rising Consumer Base and Changes In Their Purchasing Habits: Ken Research

Market Overview The used car market in Thailand is maturing, expanding at a CAGR of 1.8% from 2014 to 2020. The key drivers of positive development in used car sales income include rising demand for private vehicles, declining purchasing power, easy access to financing, and rising VAT on new cars. The decline in public transportation… Read More »

Pandemic Becomes a New Opportunity for Used Car Dealers in Thailand as New Car Sales Drop due to Buyer’s Limited Budget: Ken Research

Key Findings One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase. Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups… Read More »

Increased Internet Penetration and Availability of Multiple Channels Helps Increase the Sales of Used Car in Thailand: Ken Research

Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offerings attractive.… Read More »

Thailand Used Car Market Outlook to 2025: Ken Research

The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry’s Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of… Read More »