Motor expo bookings soar

News > Local News

Published: 11 Dec 2012 at 12.03
Online news: Local News

Buyers booked orders for more than 80,000 cars over the 10 days of the 29th Thailand International Motor Expo 2012, the highest ever, organising chairman Kwanchai Paphatphong said on Tuesday.

The number sales greatly exceeded the set target of 50,000 units, he said. It was the highest figure since the motor show began 29 years ago.

He said 1.65 million people paid to get in and more than 90 billion baht was circulated in the system during the motor show, substantially higher than the target of 55 billion baht.

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packman
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Discussion 10 : 12 Dec 2012 at 00.1710
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It seems people don't like the fact I purchase a new car. I don'e live in Bangkok and I need transportation since I live in a rural area. You don't like it, too damn bad. Get out of the city and see what life really is in Thailand.
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boons
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Discussion 9 : 11 Dec 2012 at 23.499
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D7 - you are correct. But the number is terribly insignificant when one accounts for the fact that the demand is artificial. It is the result of tax incentives and credit expansion - both of which pull forward demand and create an equal but opposite downward pressure on demand in the future. This is the old game of consumer stimulus that obliterated the economies of Southern Europe, Iceland and Ireland -- and now it is being played here in Thailand by yet another populist government bent on creating the illusion of growth. Global consumption is collapsing and Thailand is an 80% export economy. Faking demand via debt is crazy.
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dao
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Discussion 8 : 11 Dec 2012 at 23.408
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I hope those 80 000 people enjoy sitting in traffic .
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pointoffew
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Discussion 7 : 11 Dec 2012 at 23.047
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drsmith, discussion 5, "BP needs to hire a fact checker before running these outlandish stories"?! Or do you need to read and COMPREHEND the story before making these outlandish comments?
After all, nowhere does the article claim 90 bln profit, as you do. It's sales,, in other words, consumption, largely private. Part of GDP. Not at all an insignificant - or unrealistic - number.
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bobby2000
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Discussion 6 : 11 Dec 2012 at 21.176
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Traffic is going to be great!
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drsmith
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Discussion 5 : 11 Dec 2012 at 18.285
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I suppose Toyota, Honda, Nissan, Isuzu, Mercedes, BMW etc. are giving all those cars to Thailand free, right? 90 billion injected into the economy is a ridiculous statement void of any facts. Here is some basic math for the author: 90,000,000,000 thb / 80,000 cars = 1,125,000 profit per car? Really? Really? None of the car manufacturers get any of this money, right? BP needs to hire a fact checker before running these outlandish stories. Injection into the economy is spendable profit, not the profit of the car manufacturers who take the profit to their own countries.
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cinbkk
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Discussion 4 : 11 Dec 2012 at 18.084
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A double 'success' story..a huge cost of extra tax rebates and 80,000 new cars on the road. Just what this country needs.
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lungstib
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Discussion 3 : 11 Dec 2012 at 15.053
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Plenty of people who want to ignore the reality and join the ever longer queues try to make progress on the roads. Good luck to you. I hope you have your priorities right, comfy seat, nice sound system, low fuel use because you certainly wont be going over 30kph very often.
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dekwat
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Discussion 2 : 11 Dec 2012 at 13.052
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"However, Mr Kwanchai was concerned that the huge number of sales this year would trim demand for new cars by as much as 20% next year."
No doubts, the number of repossessed cars available at auction sales will increase substantially.
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packman
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Discussion 1 : 11 Dec 2012 at 12.251
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I was one of those 80,000. Got lots of extras I couldn't believe, whatever I asked for I got.
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Motor expo bookings soar | Bangkok Post: news