Auto lenders shift focus as first-time buyer scheme ends | Bangkok Post: auto

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Auto lenders shift focus as first-time buyer scheme ends

Eco-cars losing favour to fancy newcomers

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Auto leasing companies have shifted their loan focus to vehicles using new technology, particularly hybrids, to offset slowing eco-car sales. 

Pairote Cheunkrut, managing director of Ayudhya Capital Auto Lease Plc (Krungsri Auto), the auto leasing subsidiary of Bank of Ayudhya, said the company will diversify into hybrids and family cars to offset the slowdown in eco-car loans.

The firm has not set a specific growth target for the hybrid segment this year, but it will be in line with market demand in the overall auto industry.

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