News Forum - Used car market in a jam as electric vehicles spark trouble

[Thaiger]

The used car market is in dire straits, with a shocking downturn blamed on the economic slump, soaring non-performing loans (NPLs), and the growing allure of electric vehicles (EVs), warns Tris Rating. In a jaw-dropping revelation, used car hire-purchase firms have reported a staggering 93% plunge in profits year-on-year for the first half of 2024. … …

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[AussieBob]

1 hour ago, Thaiger said:

The used car market is in dire straits, with a shocking downturn blamed on the economic slump, soaring non-performing loans (NPLs), and the growing allure of electric vehicles (EVs), warns Tris Rating. In a jaw-dropping revelation, used car hire-purchase firms have reported a staggering 93% plunge in profits year-on-year for the first half of 2024. … …

The story Used car market in a jam as electric vehicles spark trouble as seen on Thaiger News.

Read the full story

As more and more of these economic disaster stories come to light and hit the media, eventually (I hope) the truth will become clear - Thailand is in serious trouble economically. What I hope the Thai Authorities realise is that their piecemeal responses are not working and never will. They need to listen to those who are speaking the truth - Thailand is copulated and must restructure its core institutions and systems of Governance. 

I was listening to a YT chat with Thomas Powell the other day and it started with the question by the interviewer - Why has Africa never prospered economically (aside from when colonialism imposed their will - Sth Africa and Rhodesia/Zimbabwe).  Powell spoke the truth as he always does - it is all due to one main cause, above all others - corruption.  He explained in far better terms than a numpty like me would ever say - but essentially it rots like an apple but from the inside out - such that it all looks OK from outside - but then one day it becomes clear it is no good anymore - and the only solution is to throw the apple away and start again.