Categories : Auto Repair
“> See all stories on this subject Slow economy injuring vehicle devices market In line with the country’s total vehicle market, spending belief for vehicle accessories continues to be weak. Goungkiet Vienravi, executive director of aftermarket event organiser Cournot and Nash Co, stated murky financial potential customers were still weighing on consumer confidence. “Although the National Economic and Social Development Board just recently reported that Thailand’s financial growth struck a three-year high of 3.2% in the first quarter, that has yet to deliver any effect on the automotive sector,” he said. Usually, aftermarket value represents 10-20% of Thailand’s new-car sales each year, with this year’s value estimated at 10% of new-car sales. The Federation of Thai Industries (FTI) has forecast domestic sales of 750,000 to 780,000 automobiles this year, down 2.5-6.2% from in 2014, which would mark a fourth straight year of decline. Automotive exports are anticipated to edge up 1-3% this year to 1.22-1.25 million. The FTI projections flat growth in vehicle exports this year because overseas need, except from Asia and Oceania, remains sluggish. Last year, vehicle shipments rose by 6.81% to 1.21 million, helping offset the bearish efficiency of domestic sales, which fell by 9.33% to 799,592 automobiles. Car output increased by 1.76% in 2014 to 1.91 million. The FTI jobs output to rise by 4-5% to 2 million units this year. Cournot and Nash, a subsidiary of Siam Sport Distribute Plc, is set up to run Bangkok International Car Beauty parlor, an aftermarket exhibit for customized and tuned automobiles, from June 22-26 at Muang Thong Thani. It obtained a licence from Tokyo Car Salon, run by San-Ei Shobo Co, to host the program under the Cournot and Nash brand name in 2012. Mr Goungkiet said the 2016 show’s exhibition area would be cut from 40,000 square metres to 25,000 sq m, with the organising budget plan minimized from 300 million baht to 250 million. He approximated cash blood circulation during the five-day show would decrease to 1.3 billion baht this year from 1.5 billion baht last year. Bangkok Intern …
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