Significant decline in sales of luxury cars

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Domestic sales of luxury cars are expected to decline to 30,000 vehicles by the end of 2024 as prospective buyers in the premium car segment have barely been able to avoid the impact of the sluggish economy and the high level of household debt, says Wearnes Automotive Thailand, the importer and distributor of Lotus Cars, the British premium sports car maker.

In Mr Teeraphong's opinion, sellers of luxury cars cannot be complacent regarding the current conditions.

In October 2024 alone, pickup sales decreased by 41.6% year-on-year to 10,896 units.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Level Luxury Segment 2024 Thailand Automotive Wearnes Buyers Sales Cars Domestic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 05:25:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 24812089

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 8 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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