Thailand’s uneven economic recovery has affected some auto loan borrowers and increased default risk.
The number of impounded cars sold via auctions rose significantly in 2023.
Car seizures are expected to continue in 2024, though growth should be lower than the previous year, Varunyoo Sila, director and chief executive of Union Auction Plc, Thailand’s largest car auction service, said in an exclusive interview with the Bangkok Post.
Peak year in 2023
Although the economy continues to recover from the…
