The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
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.