household debt Archives - Proliance - Automotive Data Analytics Solutions

BYD electric vehicle display at an auto show featuring multiple white EVs on a sleek exhibition floor with modern blue lighting and digital screens

Thailand’s EV Industry Calls for Flexibility Amid Missed Production Targets

Manufacturers urge government to maintain subsidies and reconsider penalties as economic challenges hinder electric vehicle production goals. Thailand's electric vehicle (EV) sector, once poised for rapid growth, is now grappling…..

22 May 2025

Honda CB650F motorcycles on an assembly line in Thailand, with workers in protective gear installing components in a modern manufacturing facility.

News

Thailand’s Motorcycle Industry Faces Persistent Production Decline

Thailand, formerly a thriving center for motorcycle production, is currently facing a continuous decrease in manufacturing output. This downward trend is projected to persist due to a mix of economic…..

2 August 2024

Advanced robotic assembly line at Toyota's manufacturing plant in Thailand, with industrial robots welding and assembling pickup truck cabins.

News

Thailand Cuts 2024 Car Production Target Amid Economic Woes

In a significant move reflecting the ongoing struggles within its automotive sector, Thailand has revised its car production target for 2024. The Federation of Thai Industries (FTI) announced on July…..

26 July 2024

KUKA robotic arms assembling vehicle body structure on modern automotive production line with automated welding systems

Analysis

Thailand’s Auto Industry Hits 14-Year Low Amid Economic Woes

Economic Strain and Shifting Consumer Behavior Drive Record Low Production Levels Thailand's automotive industry is facing a significant downturn, with production expected to plummet to a 14-year low in 2024,…..

22 July 2024

Chart showing the percentage change in Thailand's consumer confidence from July 2023 to May 2024, with a trend line indicating a decrease over time.

Analysis

Thailand’s Declining Consumer Confidence: Impact on Auto Market

Weakening Economic Sentiment and High Household Debt Pose Challenges for Thai Auto Industry In June 2024, Thailand's consumer confidence reached a nine-month low, continuing a downward trend observed over the…..

12 July 2024

Line graph illustrating total vehicle sales in Thailand from 2020 to 2024, showing fluctuations and a recent decline in sales.

Analysis

Stricter Auto Loan Criteria Driving Thailand’s Car Sales Decline

Financial Tightening Leads to Double-Digit Sales Decline and Industry-Wide Ripple Effects The automotive market in Thailand is experiencing a significant downturn due to the stricter criteria for auto loans, resulting…..

12 July 2024