BANGKOK -- Signs of economic weakness in Thailand hang over Bangkok's biannual motor show as it opened on Wednesday. Automakers and dealers fear a triple blow to demand from high consumer debt, tighter financing conditions and supply flooding into Southeast Asia's second largest car market.
Automobiles
EV makers offer deep discounts as Thai auto market weakens
Oversupply and feeble demand hint at a coming price war
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Car sales in Thailand fell by 26.15% in the first two months of 2024 as 18,000 fewer units were sold than in the year-earlier period. (Photo by Hiroki Endo)
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