Tax hikes put grey market in doldrums

Business > Marketing

Published: 4 Mar 2013 at 00.00
Newspaper section: Business

The grey market for cars is expected to stay flat this year as importers face higher import taxes and a refusal by European car makers to provide after-sales service.

Grey vehicles are new or used vehicles and motorcycles legally imported from another country through channels other than the maker's official distribution system.

An estimated 7,000 cars are expected to be imported in the grey market this year, unchanged from a year earlier, said Sureeporn Udompolpanich, chief executive of TSL Auto Corporation, the luxury car importer.

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moody
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Discussion 2 : 07 Mar 2013 at 05.462
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The grey market says taxes have been raised. What garbage! If that's true, why hasn't official importers complained?
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jwatch
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Discussion 1 : 04 Mar 2013 at 15.141
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sure..lets make sure that the cabal of auto makers enjoying million baht margins. Good work government. Nothing better than removing a healthy dose of competition from the market place so the auto makers can keep on selling stripped down autos at ridiculous prices (ie. with less safety features)
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Tax hikes put grey market in doldrums | Bangkok Post: business