Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine 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.