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Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth

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The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of new cars in the country, target audience, growth facilitators, issues & challenges faced by the industry, and other aspects. Thailand Used Car Industry report concludes with projections for future of the industry including forecasted sales revenue and volume by 2025, market segmentations, Covid-19 impact and analysts’ take on the future.

Thailand Used Car Market Overview and Size:

Thailand Used Car sector is in the maturity phase, growing at a CAGR of 1.8% during 2014-2020. Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue. Another major driver is the drop in use of public transport due to the pandemic and need for private vehicle.

Thailand Used Car Market Segmentations

By Market Type (C2C, B2C/OEM, and Auction): B2C/OEM Organized market dominated the used car industry in Thailand in 2020 on

 the basis of value and volume. The presence of major OEM is concentrated in the Bangkok, Vicinity and Tier-2/Tier-3 cities; However, Multibrand dealers are present throughout the country, both online and offline.

By Type of Car: 1 Ton pickup truck dominates the market. This is majorly due to the fact that it has both commercial and personal utility. Also, the taxes on these vehicles are low as compared to sedan and economical cars as majority of these vehicles are bought by farmers.

By Kilometers Driven: Cars with running of 80,000- 120,000 kilometers dominate the market. This is mainly due to the reason that 1 ton pickup trucks constitute the most of the market. As they have commercial usage the odometer reading in the vehicles of the country is quiet high.

By Ownership Period: Since the finance for used and new car is readily available in the country the ownership period of the cars has been decreasing. Majority of the market share is acquired by cars having age of 5-8 years

By Region: Used car are majorly concentrated in Bangkok due to higher purchasing power as compared to other regions. The Northeastern region has the second highest used car sales volume due to strong economic growth from increasing cross-border trade supported by the presence of special economic zones

Snapshot on Online Used Two Wheeler Landscape

The online used car market has been emerging with the rise in the popularity of e-commerce platforms in the country. The growth of online advertising, which has fuelled the rise of online classified platforms such as iCar Asia, CarSome, Carro and others have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services. The Overall Online Market is expected to Increase at a double Digit Positive CAGR during the period 2020-2025.

Competitive Landscape of Thailand Used Car Market

Used Car Market in Thailand has been dominated by B2C and OEM Dealerships which has captured a share of majority share in the sales volume of used cars during 2020. In the OEM segment, Toyota and Honda together account for majority of market. Both foreign as well as domestic companies are present in the market. These players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion.

Thailand Used Car Future Outlook & Projections

The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing need for use of private vehicle in order to avoid public transport is expected to fuel the sales of used cars. The sales of economical cars are also expected to increase over the forecast period. The Used Car Market is expected to witness investment in promotional and marketing activities and also strategic partnerships of domestic and foreign players.

Key Segments Covered

By Market Type

  • C2C
  • B2C/OEM organized
         Multi Brand Organized Dealer
         Multi Brand Unorganized Dealer
         OEM Organized
  • Auction

By Car Segment

  • Hatchback
  • 1 ton pickup
  • Sedan
  • MPV, HPV/Mini MPV
  • SUV

By Region

  • Bangkok
  • North East
  • North
  • South
  • East
  • West

By Kilometers Driven

  • Less than 20,000
  • 20,000-50,000
  • 50,000-80,000
  • 80,000-120,000
  • Above 120,000

By Age of Vehicle

  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years

By Age of Buyers

  • 20-30 Years
  • 30-50 Years
  • Above 50 Years

By Source of Lead

  • Online (Social Media/Car Portals/Official Website)
  • Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

  • Toyota Sure Thailand
  • Honda Used Certified Thailand
  • Mitsubishi Diamond Used Car
  • Nissan Intelligence
  • Mercedes Certified
  • Volvo

Companies Covered (Online Portals)

  • iCar Asia( One2Car, Thaicar, Autospinn)
  • Carsome Thailand
  • Carro Thailand

Key Target Audience

  • Used Car Companies
  • OEMs
  • Online Used Car Portals
  • Used Car Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Car Dealerships
  • Used Car Distributors Auction Houses
  • Used Car Associations

Time Period Captured in the Report:-

  • Historical Period – 2014-2020
  • Forecast Period – 2021-2025

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Thailand Used Car Market Overview
  • Thailand Used Car Market Size, 2014-2020
  • Thailand Used Car Market Segmentation, 2020
  • Growth Drivers in Thailand Used Car Market
  • Issues and Challenges in Thailand Used Car Market
  • Regulatory Framework
  • Snapshots on Used Car Financing
  • Snapshot on Auction Market
  • Snapshot on Used Bike Market
  • Ecosystem and Value Chain of Used Car Industry in Thailand
  • Customers Purchase Decision Making Parameters
  • Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios
  • Future Market Size and Segmentations, 2021-2025F
  • Covid-19 Impact on the Industry & the Way Forward
  • Analysts’ Recommendations
READ MORE

Table Of Content

Scope

Thailand Used Car Market

1. Executive Summary

2. Flow Chart of Thailand Used Car Industry

3. Country and Automotive Industry Overview 

  • Macroeconomic Overview of Thailand
  • Ease of Doing Business in Thailand
  • Key Demographics of Thailand
  • Comparison of Thai Automobile Industry with Other ASEAN Nations

5. Overview of Public Transport

6. Overview, Opportunity & Current Scenario of the Thailand Used Car Industry

  • Used Car Industry Eco-System
  • Value Chain Analysis
  • Sourcing of Used Cars
  • Lead Generation for Used Cars
  • Trends & Developments
  • Issues and Challenges
  • Industry SWOT Analysis
  • Regulatory Landscape
  • Demand & Supply Side Analysis
  • Customer Timeline for Used Car

7. Market Size of Thailand Used Car Industry (On the Basis Sales Volume) 2014-2020

  • By Market Structure, 2020
  • Further Segmentation of B2C and OEM organized, 2020
  • By Brand, 2020 
  • By Age of Vehicle, 2020 
  • By Kilometer Driven, 2020 
  • By Type of Car, 2020
  • By Region, 2020 
  • By Customers’ Profile basis Age Group, 2020

8. Used Car Financing Snapshot

  • Used Car Financing Ecosystem
  • Overview of Used Car Financing Industry
  • Used Car Financing Practices in Thailand (Recent Developments, Contractual Terms, Examples of Fintech Aggregators)

9. Snapshot on Used Car Auctions (Bank Repossessed Cars, Leasing Cost Fleet and Others)

10. Competitive Landscape – OEM Certified/Authorized and Multi-Brand Dealers

  • Customer Pain Points in Used Car Industry and Used Car Journey on Online Platforms
  • Operating Models Currently Prevalent in Thailand
  • Competition Scenario- Market Positioning of Major Online Auto-Classifieds/ Platforms
  • Cross Comparison between Major OEM/Multi Brand Dealerships basis Operational Parameters (Focus Area, Vintage, Geographical Presence, Partnerships, Strength, Weakness, Number of Dealerships, Established, Warranty Period, Number of Quality Checkpoints and Emergency Assistance
  • Cross Comparison between Major OEM/Multi Brand Dealership basis Service Offerings (Certification, Warranty, 24*7 Roadside Assistance, Trade-In Facility, Online Website and Financing Option)

12. Online Classified and Auto Portals

  • Competition Scenario- Market Positioning of Major Online Auto-Classifieds/ Platforms
  • Cross Comparison between Major Auto-Classifieds/Platforms basis Service Offerings (Free Listing, Premium Listing Service, Commission Charged, Vehicle Inspection, Online Car Valuation, Financing Option, Warranty and others
  • Company Profiles (Icar Asia Thailand, Carsome & Carro)

13. Case Study Analysis

14. Thailand Used Car Industry Future Outlook

  • Covid-19 Impact: Used Car Industry in Thailand
  • Future Outlook of Used Car Industry, 2020-2025F & the Way Forward
  • Future Market Segmentations, 2025F

15. Industry Speaks

16. Analyst Recommendations

Disclaimer

Contact Us

Licence Rights

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
Deliverable Format :viewable on the website via username :viewable on the website via username ; :viewable on the website via username :Printed Publication/ Book by Post ; :viewable on the website via username
What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
Print Option
User Sharing Restricted to one registered login Restricted to one registered login Restricted to one registered login Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Download Option
Copy Option
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate)
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.

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INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products and Companies

Products

Key Segments Covered

By Market Type

  • C2C
  • B2C/OEM organized
         Multi Brand Organized Dealer
         Multi Brand Unorganized Dealer
         OEM Organized
  • Auction

By Car Segment

  • Hatchback
  • 1 ton pickup
  • Sedan
  • MPV, HPV/Mini MPV
  • SUV

By Region

  • Bangkok
  • North East
  • North
  • South
  • East
  • West

By Kilometers Driven

  • Less than 20,000
  • 20,000-50,000
  • 50,000-80,000
  • 80,000-120,000
  • Above 120,000

By Age of Vehicle

  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years

By Age of Buyers

  • 20-30 Years
  • 30-50 Years
  • Above 50 Years

By Source of Lead

  • Online (Social Media/Car Portals/Official Website)
  • Offline (Dealership Walk-in)

Key Target Audience

  • Used Car Companies
  • OEMs
  • Online Used Car Portals
  • Used Car Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Car Dealerships
  • Used Car Distributors Auction Houses
  • Used Car Associations

Time Period Captured in the Report:-

  • Historical Period – 2014-2020
  • Forecast Period – 2021-2025


Companies

Companies Covered (OEM Dealerships)

  • Toyota Sure Thailand
  • Honda Used Certified Thailand
  • Mitsubishi Diamond Used Car
  • Nissan Intelligence
  • Mercedes Certified
  • Volvo

Companies Covered (Online Portals)

  • iCar Asia( One2Car, Thaicar, Autospinn)
  • Carsome Thailand
  • Carro Thailand

Company Profile

Company Profile Title

The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of new cars in the country, target audience, growth facilitators, issues & challenges faced by the industry, and other aspects. Thailand Used Car Industry report concludes with projections for future of the industry including forecasted sales revenue and volume by 2025, market segmentations, Covid-19 impact and analysts’ take on the future.

Thailand Used Car Market Overview and Size:

Thailand Used Car sector is in the maturity phase, growing at a CAGR of 1.8% during 2014-2020. Increasing demand for private vehicles, reduction in purchasing power, easy availability of finance, and increasing VAT on new cars are the main reasons behind positive growth in used car sales revenue. Another major driver is the drop in use of public transport due to the pandemic and need for private vehicle.

Thailand Used Car Market Segmentations

By Market Type (C2C, B2C/OEM, and Auction): B2C/OEM Organized market dominated the used car industry in Thailand in 2020 on

 the basis of value and volume. The presence of major OEM is concentrated in the Bangkok, Vicinity and Tier-2/Tier-3 cities; However, Multibrand dealers are present throughout the country, both online and offline.

By Type of Car: 1 Ton pickup truck dominates the market. This is majorly due to the fact that it has both commercial and personal utility. Also, the taxes on these vehicles are low as compared to sedan and economical cars as majority of these vehicles are bought by farmers.

By Kilometers Driven: Cars with running of 80,000- 120,000 kilometers dominate the market. This is mainly due to the reason that 1 ton pickup trucks constitute the most of the market. As they have commercial usage the odometer reading in the vehicles of the country is quiet high.

By Ownership Period: Since the finance for used and new car is readily available in the country the ownership period of the cars has been decreasing. Majority of the market share is acquired by cars having age of 5-8 years

By Region: Used car are majorly concentrated in Bangkok due to higher purchasing power as compared to other regions. The Northeastern region has the second highest used car sales volume due to strong economic growth from increasing cross-border trade supported by the presence of special economic zones

Snapshot on Online Used Two Wheeler Landscape

The online used car market has been emerging with the rise in the popularity of e-commerce platforms in the country. The growth of online advertising, which has fuelled the rise of online classified platforms such as iCar Asia, CarSome, Carro and others have revolutionized the way in which pre-owned vehicles have been sold in the country. With the growth in the number of vehicles sold online, these players not only witnessed a sharp growth in marketplace revenue but also from other sources including advertisements, subscriptions and other value added services. The Overall Online Market is expected to Increase at a double Digit Positive CAGR during the period 2020-2025.

Competitive Landscape of Thailand Used Car Market

Used Car Market in Thailand has been dominated by B2C and OEM Dealerships which has captured a share of majority share in the sales volume of used cars during 2020. In the OEM segment, Toyota and Honda together account for majority of market. Both foreign as well as domestic companies are present in the market. These players compete on parameters such as proximity, value added services, prices, promotional offers and tie ups with major financial institution. In order to increase their revenue, the players offer free gifts and warranty as a part of promotion.

Thailand Used Car Future Outlook & Projections

The used car industry is expected to recover from the Covid-19 pandemic and witness growth by 2025. The increasing need for use of private vehicle in order to avoid public transport is expected to fuel the sales of used cars. The sales of economical cars are also expected to increase over the forecast period. The Used Car Market is expected to witness investment in promotional and marketing activities and also strategic partnerships of domestic and foreign players.

Key Segments Covered

By Market Type

  • C2C
  • B2C/OEM organized
         Multi Brand Organized Dealer
         Multi Brand Unorganized Dealer
         OEM Organized
  • Auction

By Car Segment

  • Hatchback
  • 1 ton pickup
  • Sedan
  • MPV, HPV/Mini MPV
  • SUV

By Region

  • Bangkok
  • North East
  • North
  • South
  • East
  • West

By Kilometers Driven

  • Less than 20,000
  • 20,000-50,000
  • 50,000-80,000
  • 80,000-120,000
  • Above 120,000

By Age of Vehicle

  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years

By Age of Buyers

  • 20-30 Years
  • 30-50 Years
  • Above 50 Years

By Source of Lead

  • Online (Social Media/Car Portals/Official Website)
  • Offline (Dealership Walk-in)

Companies Covered (OEM Dealerships)

  • Toyota Sure Thailand
  • Honda Used Certified Thailand
  • Mitsubishi Diamond Used Car
  • Nissan Intelligence
  • Mercedes Certified
  • Volvo

Companies Covered (Online Portals)

  • iCar Asia( One2Car, Thaicar, Autospinn)
  • Carsome Thailand
  • Carro Thailand

Key Target Audience

  • Used Car Companies
  • OEMs
  • Online Used Car Portals
  • Used Car Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Car Dealerships
  • Used Car Distributors Auction Houses
  • Used Car Associations

Time Period Captured in the Report:-

  • Historical Period – 2014-2020
  • Forecast Period – 2021-2025

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • Thailand Used Car Market Overview
  • Thailand Used Car Market Size, 2014-2020
  • Thailand Used Car Market Segmentation, 2020
  • Growth Drivers in Thailand Used Car Market
  • Issues and Challenges in Thailand Used Car Market
  • Regulatory Framework
  • Snapshots on Used Car Financing
  • Snapshot on Auction Market
  • Snapshot on Used Bike Market
  • Ecosystem and Value Chain of Used Car Industry in Thailand
  • Customers Purchase Decision Making Parameters
  • Cross Comparison between Major OEMs and Multibrand Dealers and Company Profiles & Product Portfolios
  • Future Market Size and Segmentations, 2021-2025F
  • Covid-19 Impact on the Industry & the Way Forward
  • Analysts’ Recommendations
READ MORE

Scope

Thailand Used Car Market

1. Executive Summary

2. Flow Chart of Thailand Used Car Industry

3. Country and Automotive Industry Overview 

  • Macroeconomic Overview of Thailand
  • Ease of Doing Business in Thailand
  • Key Demographics of Thailand
  • Comparison of Thai Automobile Industry with Other ASEAN Nations

5. Overview of Public Transport

6. Overview, Opportunity & Current Scenario of the Thailand Used Car Industry

  • Used Car Industry Eco-System
  • Value Chain Analysis
  • Sourcing of Used Cars
  • Lead Generation for Used Cars
  • Trends & Developments
  • Issues and Challenges
  • Industry SWOT Analysis
  • Regulatory Landscape
  • Demand & Supply Side Analysis
  • Customer Timeline for Used Car

7. Market Size of Thailand Used Car Industry (On the Basis Sales Volume) 2014-2020

  • By Market Structure, 2020
  • Further Segmentation of B2C and OEM organized, 2020
  • By Brand, 2020 
  • By Age of Vehicle, 2020 
  • By Kilometer Driven, 2020 
  • By Type of Car, 2020
  • By Region, 2020 
  • By Customers’ Profile basis Age Group, 2020

8. Used Car Financing Snapshot

  • Used Car Financing Ecosystem
  • Overview of Used Car Financing Industry
  • Used Car Financing Practices in Thailand (Recent Developments, Contractual Terms, Examples of Fintech Aggregators)

9. Snapshot on Used Car Auctions (Bank Repossessed Cars, Leasing Cost Fleet and Others)

10. Competitive Landscape – OEM Certified/Authorized and Multi-Brand Dealers

  • Customer Pain Points in Used Car Industry and Used Car Journey on Online Platforms
  • Operating Models Currently Prevalent in Thailand
  • Competition Scenario- Market Positioning of Major Online Auto-Classifieds/ Platforms
  • Cross Comparison between Major OEM/Multi Brand Dealerships basis Operational Parameters (Focus Area, Vintage, Geographical Presence, Partnerships, Strength, Weakness, Number of Dealerships, Established, Warranty Period, Number of Quality Checkpoints and Emergency Assistance
  • Cross Comparison between Major OEM/Multi Brand Dealership basis Service Offerings (Certification, Warranty, 24*7 Roadside Assistance, Trade-In Facility, Online Website and Financing Option)

12. Online Classified and Auto Portals

  • Competition Scenario- Market Positioning of Major Online Auto-Classifieds/ Platforms
  • Cross Comparison between Major Auto-Classifieds/Platforms basis Service Offerings (Free Listing, Premium Listing Service, Commission Charged, Vehicle Inspection, Online Car Valuation, Financing Option, Warranty and others
  • Company Profiles (Icar Asia Thailand, Carsome & Carro)

13. Case Study Analysis

14. Thailand Used Car Industry Future Outlook

  • Covid-19 Impact: Used Car Industry in Thailand
  • Future Outlook of Used Car Industry, 2020-2025F & the Way Forward
  • Future Market Segmentations, 2025F

15. Industry Speaks

16. Analyst Recommendations

Disclaimer

Contact Us

License Type Excel Only Single User Single User + Excel Hard Copy Corporate User License
Deliverable Format :viewable on the website via username :viewable on the website via username ; :viewable on the website via username :Printed Publication/ Book by Post ; :viewable on the website via username
What will it include? Statistics and charts only; no qualitative content Qualitative & quantitative aspects of the market Qualitative & quantitative aspects in PDF + statistics and charts in excel Printed report including qualitative and quantitative aspects Qualitative & quantitative aspects in PDF + statistics and charts in excel
Print Option
User Sharing Restricted to one registered login Restricted to one registered login Restricted to one registered login Access to Printed Report; No Soft Copy Multiple Users within the Company/ Enterprise
Download Option
Copy Option
Citation Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate) Yes (Not Publically; but to Private Parties within the company/ affiliate)
Customization 20%
Analyst Time (Post Purchase Queries on Call/ Email)
Disclaimer : In no circumstance, the complete / part of the publication may be resold for monetary terms by the client or any other party related to the client or can be made available on third party website or on Google for general public view.
To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

Key Segments Covered

By Market Type

  • C2C
  • B2C/OEM organized
         Multi Brand Organized Dealer
         Multi Brand Unorganized Dealer
         OEM Organized
  • Auction

By Car Segment

  • Hatchback
  • 1 ton pickup
  • Sedan
  • MPV, HPV/Mini MPV
  • SUV

By Region

  • Bangkok
  • North East
  • North
  • South
  • East
  • West

By Kilometers Driven

  • Less than 20,000
  • 20,000-50,000
  • 50,000-80,000
  • 80,000-120,000
  • Above 120,000

By Age of Vehicle

  • Less than 1 year
  • 1-3 years
  • 3-5 years
  • 5-8 years
  • More than 8 years

By Age of Buyers

  • 20-30 Years
  • 30-50 Years
  • Above 50 Years

By Source of Lead

  • Online (Social Media/Car Portals/Official Website)
  • Offline (Dealership Walk-in)

Key Target Audience

  • Used Car Companies
  • OEMs
  • Online Used Car Portals
  • Used Car Financing Companies
  • Government Bodies
  • Investors & Venture Capital Firms
  • Used Car Dealerships
  • Used Car Distributors Auction Houses
  • Used Car Associations

Time Period Captured in the Report:-

  • Historical Period – 2014-2020
  • Forecast Period – 2021-2025


Companies

Companies Covered (OEM Dealerships)

  • Toyota Sure Thailand
  • Honda Used Certified Thailand
  • Mitsubishi Diamond Used Car
  • Nissan Intelligence
  • Mercedes Certified
  • Volvo

Companies Covered (Online Portals)

  • iCar Asia( One2Car, Thaicar, Autospinn)
  • Carsome Thailand
  • Carro Thailand