Oct car exports hit record high

Published: 23 Nov 2012 at 15.42
Online news:

The number of vehicles exported in October totalled 98,284 units, up 79.71% on the same month last year, and an increase of 0.02% over September, Surapong Paisitpatanapong, spokesman of the Automotive Industry Club, said on Friday.

The export value for the month stood at 47.12 billion baht, an increase of 93.46% on last October, said Mr Surapong.

Car exports over the first ten months of the year (Jan-Oct) were also up from the same period last year by 21%, to 840,149 units, with a total value of 402.79 billion baht, up 24.56%, he said.

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canuck
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Discussion 13 : 24 Nov 2012 at 11.1513
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Believing in a false economy. Do you mean like the USA? That is a major false economy. But it is surviving. Somehow.
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wakeup
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Discussion 12 : 24 Nov 2012 at 04.1112
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First - car manufacturers are using antiquated business models to pursue unsustainable goals. Second - domestic car production is up because of unsustainable government subsidies that are setting people up for debt. This temporary boost in consumption will be replaced eventually by crippling debt, market collapse, and the bursting of an auto industry bubble much like the US experienced a few years ago.
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bangmodken
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Discussion 11 : 24 Nov 2012 at 03.1611
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D8 : Oh...I should of course have mentioned the reduction of corporate tax as well. All in all a pretty bad policy for the country as a whole,I'd say.
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bangmodken
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Discussion 10 : 24 Nov 2012 at 03.0610
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D8 : This has some 130 billion baht to do with the government. 100 billion for 2012 and 30 more for 2013 in tax exemptions,if the policy is not extended. We could mention the negative enviromental impact,increased traffic congestion,lost opportunities to improve the public transportation network. The exact loss in baht has yet to be figured out. Not to mention the ASEAN Free Trade Area agreement which Malaysia,Indonesia,India,Korea and China insists this policy violates. Need I say more?
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bluebottle
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Discussion 9 : 23 Nov 2012 at 21.449
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The main point is that production was ever so slightly disrupted this time last year as I remember somthing to do with floods caused partly by human error.
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bluebottle
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Discussion 8 : 23 Nov 2012 at 21.408
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I really do not see what it has to do with this government it is down to the manufacturers and they are not Thai are they.It is good news for the country all the same.
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bangmodken
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Discussion 7 : 23 Nov 2012 at 21.077
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D1 : Delusional disorder is an illness characterized by the presence of nonbizarre delusions in the absence of other mood or psychotic symptoms,according to the Diagnostic Manual of Mental Disorders,Fourth Edition,Text Revision(DSM-IV-TR). It defines delusions as false beliefs based on incorrect inference about external reality that persist despite the evidence to the contrary and these beliefs are not ordinarily accepted by other members of the person's culture or subculture.
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Eric
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Discussion 6 : 23 Nov 2012 at 20.526
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Dis#5, wonder why every countries are chasing for FDI? Technology transfer, employment, taxes that's why. Go figure. Debt to GDP now stand at a low of 42%. You know the debt ratio for future? You either just speculating or you are a genius.
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blobber
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Discussion 5 : 23 Nov 2012 at 19.305
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Discussion1. Eric are the car companies Thai? No they are not. Are the profits going to people in Thailand? No they are not.
You think that the public debt is well managed. I disagree it it is beginning to spiral out of control. Just wait to the losses from the rice pledging scheme plus the cost of all the populist policies kick in.
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mrexpat
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Discussion 4 : 23 Nov 2012 at 18.064
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Eric, do you know how much debt thailand has to IMF and south Korea? Eric do you remember 1997 , they are living a false economy? Yes these figures are probably a lie anyway but
these are not thai cars, these are foreign companies taking advantage of cheap rent and labour!
Just look at rice which IS thai
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Oct car exports hit record high | Bangkok Post: business