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1 Apr 2025

Industry

“Car Trade-in” – A proposal to revitalize the Thai auto industry (Current Issue No.3572 Full Ed.)

คะแนนเฉลี่ย
  • In 2025, domestic auto production is projected to drop below 1.45 million units, leading to the proposal of a “Car Trade-in” program. Similar initiatives have been used abroad to boost short-term car sales, but the impact on production has been limited due to the influx of imported vehicles replacing locally manufactured ones.
  • If Thailand were to implement this scheme to scrap vehicles older than 20 years, the number of cars entering the program could be fewer than 400,000 units. This differs from the “First-time Car Buyer” scheme due to risks associated with auto lending, the cost-effectiveness of discounts offered, and the number of potential participants.

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Industry