Bangkok Post – KCar predicts sluggish market this year

Krungthai Car Rent & Lease Plc (KCar) expects the second-hand car and car rental markets to slow as loans remain difficult to obtain from financial institutions.

Banks adopted stricter lending criteria for buyers of second-hand cars and companies wanting to lease cars as household debt remains high and people’s purchasing power is weak.

“High household debt raises concern among banks…