Thailand Auto Finance Market is expected to generate more than THB 1.7 Trillion credit disbursed in 2026F driven by Growth in Online Retail and Logistics: Ken Research
GURUGRAM, India, Jan. 16, 2023 /PRNewswire/ — Thailand’s Auto Finance Market is in the maturity stage, driven by road infrastructure development, economic growth in the country, and a dramatic increase in trading partners and export earnings. Major entities in the market are Banks and Captives that are 90-100 years old offering variety of financing services.
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Thailand’s market uses the traditional way of banking including manpower and face-to-face transactions instead of online processes.
Nowadays, many non-banks have jumped into the Auto-finance business and they are doing it in a simpler way than banks.
The automotive industry in Thailand is the largest in Southeast Asia and the 10th largest in the world.
Growth in Online Retail and Liberal Trade Arrangements: There will be a rise in demand for commercial vehicles due to ongoing government investment, expansion in…
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