This quarter, we are revising our new vehicle sales forecast for Thailand to a growth of 7.8% in2017. This expansion will be supported by an uptick in economic growth, a rise in private consumption andthe expiry of the five-year lock-up period for vehicles bought under the previous government's first-time carbuyer scheme.
Vehicle sales will grow 7.8% in 2017.
The country's improving economic prospects will help drive a recovery in the Thai vehicle market in2017.
Growth in household spending will be supported by weak inflationary pressures and a stable interest rateenvironment.