Japan · Nation Thailand
Isuzu seeks urgent tax incentives to support Thailand’s pickup market
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Pickups were long Thailand’s largest vehicle segment, at times accounting for around half the market, before contracting sharply in recent years.
Key facts
- For the latest eight-month period, Tri Petch Isuzu Sales said the overall vehicle market grew by 18%, driven mainly by passenger cars and SUVs, while pickup sales were close to the level recorded in the same period last year.
- The full-year vehicle market is forecast at 700,000 units, including 140,000 pickups, a figure similar to last year and representing a market share of just 20%.
- These could follow a concept similar to Chim Shop Chai, for example by allowing spending on a pickup, say THB0.1 million, to be claimed as a tax deduction
- Sato said Isuzu sold 52,800 vehicles over the past nine months, down 1.3%
- Full-year sales across pickups, PPVs and trucks are forecast at 70,400 units, down 4%.
- The automotive and parts sector currently accounts for around 10% of Thailand’s GDP.
Summary
For the latest eight-month period, Tri Petch Isuzu Sales said the overall vehicle market grew by 18%, driven mainly by passenger cars and SUVs, while pickup sales were close to the level recorded in the same period last year.
The full-year vehicle market is forecast at 700,000 units, including 140,000 pickups, a figure similar to last year and representing a market share of just 20%.