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The Impact of Economic Crises on the Thai Automobile Industry

In: Global Automobile Demand

Author

Listed:
  • Kriengkrai Techakanont
  • Sittisak Leelahanon

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.

Suggested Citation

  • Kriengkrai Techakanont & Sittisak Leelahanon, 2015. "The Impact of Economic Crises on the Thai Automobile Industry," Palgrave Macmillan Books, in: Bruno Jetin (ed.), Global Automobile Demand, chapter 14, pages 159-184, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51617-6_8
    DOI: 10.1057/9781137516176_8
    as

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