The global geothermal heat pumps market players are struggling to achieve a steady and noticeable position in the market through product improvement while the level of rivalry amongst them is extreme. The global geothermal heat pumps mar…
BMI View: We maintain our view that weak consumer confidence in the Thai economy coupled with high
household debt levels and elevated car prices will lead to a contraction of 5.3% in vehicle sales in 2016.
? Vehicle sales will contract 5.3% in 2016.
? Waning consumer confidence in the economy will translate into weak demand for new car purchases as
consumers remain cautious about spending on big ticket items.
? High household debt levels will mean consumers will be less willing to take up vehicle financing.
? The effects of the new vehicle excise tax will continue to drag on vehicle sales growth.
? Construction of public infrastructure projects will drive demand for commercial vehicles
? We expect commercial vehicles to outperform passenger vehicle sales.