Prices of used cars hit by auto rebate scheme | Bangkok Post: auto

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Prices of used cars hit by auto rebate scheme

Premium brands set to see resale value tumble

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The government's first-time car buyer programme has taken its toll on the used-car market, with prices of used cars expected to be up to 50% cheaper than those of new cars, say hard-pressed dealers. 

Used cars are typically 30% cheaper than their brand-new counterparts. PATTARACHAI PREECHAPANICH

The used-car market has been hard hit since last September after the launch of the tax rebate of up to 100,000 baht for first-time car buyers, luring consumers to opt for new cars, particularly popular eco-cars.

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