Bangkok: December’s car sales have surpassed expectations, driven by a notable increase in bookings from the Motor Expo. However, there are concerns that a delayed election might disrupt investment spending and hinder the economy in the coming year.
According to Thai News Agency, Mr. Surapong Paisitpatthanapong, Vice President and Spokesperson of the Automotive Industry Group of the Federation of Thai Industries (FTI), highlighted that the automotive industry’s outlook for the end of 2025 has improved, particularly in December, a peak sales period. The Motor Expo 2025 recorded higher-than-expected bookings, and if financial institutions maintain lenient lending standards, sales in December are expected to remain strong. This optimism is supported by sales exceeding bookings, even as electric vehicles (EVs) capture more than 50% of the market share due to governmental measures, marking a positive trend for the industry.
Nonetheless, the automotive outlook for 2026 is clouded by uncertainties, primarily due to domestic issues like the dissolution of parliament and potential election delays. Such delays, possibly caused by border tensions, could impact the annual budget timing, affecting government investment disbursement and consequently the economy and private investments.
Mr. Surapong also expressed his expectations for the incoming government, stressing the need for competence, transparency, and integrity, particularly among the Prime Minister and ministers. He underscored the urgency of reviving an economy that has faced low growth for several years, advocating for reduced costs in living and business operations, such as water, electricity, and energy prices. Additionally, he urged for the implementation of economic stimulus measures to boost national income and enhance citizens’ quality of life over the long term.