Car loan demand to shrink

CREDIT

Published: 13 Mar 2013 at 00.00
Newspaper section: Business

Ayudhya Capital Auto Lease Plc (Krungsri Auto), the car leasing subsidiary of Bank of Ayudhya, expects new car loans to fall by 14.3% this year due mainly to last year's high base stemming from record domestic sales.

Managing director Pairote Cheunkrut said Krungsri Auto expects to extend 120 billion baht in new car loans by year-end, down from 140 billion last year.

The government's tax rebate of up to 100,000 baht for first-time car buyers purchasing specific passenger cars and pick-up trucks boosted domestic new car sales in 2012.

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boons
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Discussion 2 : 13 Mar 2013 at 21.122
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Credit is always and forever a spending of future-demand, now. Today's stimulus will be tomorrow's trough in demand.
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phetpeter
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Discussion 1 : 13 Mar 2013 at 09.461
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And this year and next will see a large influx of nearly new cars that have been reprocessed enter the second hand market....bargains for all? Sooo many cars the price will fall to shift them on!
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Car loan demand to shrink | Bangkok Post: business