Japan's Itochu to invest in Thai used car loan company, bet on middle class

ASEAN member's second hand market is expected to surge as new car sales shrink

20250217 Thai used car

Thailand's middle classes increasingly want the convenience of owning a car, but many prefer to save money by buying used vehicles.

YUICHI SHIGA

TOKYO -- Japanese trading house Itochu is set to invest in an automotive loan company in Thailand, betting on the medium-term growth prospects of the country's middle classes, Nikkei Asia has learned.

Its entry into the Southeast Asian nation's used car financing market will add to Itochu's interests in Thailand, where it has long been involved in consumer loans.

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