Car trade-in plan deemed insufficient

Quick Summary:

A government plan to launch a car trade-in programme is meant to revive domestic car sales, but car manufacturers and industry observers say it might not be enough, requesting more new measures to end the long slump.

The plunge has been attributed to banks’ stricter criteria for granting auto loans for fear of bad debt as the country is struggling to deal with the high level of household debt.

They are hopeful for improved car sales during the 12-day Thailand International Motor Expo, which starts on Friday.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Domestic Motor Measures Industry Trade-in Pickup Sales Demand Thailand Auto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 18:32:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23919318

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 7 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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