The Impact of Economic Crises on the Thai Automobile Industry

Kriengkrai Techakanont and Sittisak Leelahanon

Chapter 14 in Global Automobile Demand, 2015, pp 159-184 from Palgrave Macmillan

Abstract: Abstract Cars can be used to offer an instant door-to-door transportation service for both passengers and products. A car is probably the second most expensive purchase for most people after personal housing. Hence, the demand for automobiles should depend upon the prospects of an economy and the macroeconomics environment, encompassing factors such as per capita GDP, income distribution, growth in the manufacturing sector, car usage costs, lending interest rates, the readiness of road networks and infrastructure, the price of cars, product availability, and other economic factors. Among these factors, income or wealth is probably the most important when a person makes a buying decision.

Keywords: Domestic Demand; Import Duty; Cross Price Elasticity; Domestic Sale; National Statistical Office (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51617-6_8

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DOI: 10.1057/9781137516176_8

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