The number of advance auto orders at Motor Expo 2012 hit a record high at 80,000 units, with Honda ranking first with over 16,000 units ordered during the 10-day event. Motor Expo organiser Kwanchai Prapaspong said the number of visitors reached 1.61 million, surpassing the expected figure at 1.6 million, thanks, he said, to an improved economy resulting higher consumer purchasing power.
He said this year’s volume of auto orders volume was forecast at only 50,000 units but it soared to a record high at 80,000, the highest since the event was first begun 29 years ago, counting for over Bt90 billion in circulation.
The previous record was in 2010 with the orders volume at 33,000 units. Apart from the improved economy, the governments first car scheme is also a major factor for this years increased orders, counting for as much as 40 per cent of all orders.
The higher orders also resulted from a rebound from falling orders, affected by last years devastating flood, which hit auto and auto parts plants in Thailands industrial estates.Mr Kwanchai said eco cars orders volume counted for 20 per cent of sales, followed by pickup trucks at 10 per cent, while the rest was for sedans and luxury cars, which amounted to 1,300 units. Honda City, Suzuki Swift, and Honda Brio are the top-three models respectively, gaining the best popularity of orders volume in regard to eco cars.
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...