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snowflake

New Car Prices

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A Thai friend of mine showed me the other day an e-mail that he recieved about a price change in the honda line...

my jazz will be roughly 150000B cheaper... The cheapest CRV would be around 850000... The Honda Civic was down to around 600000 for the low option one... It was all in Thai but the price list was very easy to read... It is supposed to happen this year...

Is this just rumors or will this happen? I remember a few years ago they lowered the CITY with 70000B in one night.

What will this do to the car industri?

Should I panic now? Can they do this? Has anyone else heard about this?

If honda lowered their prices, would Toyota and Ford, and Chevrolet lower them too?

What are your thoughts on this???

PS. The email looked very much like an original document, so I started to worry abit... If it was crap I would just dismiss it...

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maybe everyone has a stock pile of unsold new cars....... then the 2nd hand value would also drop......

In 2004 I bought a new Honda Jazz, 6 weeks later the list price dropped, I received a cheque about a month later from Honda for 31,000baht

If honda lowered their prices, would Toyota and Ford, and Chevrolet lower them too?

My thoughts would be yes of course........ Ford are already offering a 100,000baht as a down payment, so in effect Ford have come down 100k.

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My wife said something along these lines to me last week and I dismissed it.

I would be suprised if they lowered their prices by so much. if they do I will not be a happy chappy. I paid 1,250000 baht for my accord just a few months ago and if that droped by a couple of 100,000 baht I would be paying for a car that is not worth the value I started out with. that would suck.

would we get a check back???? I reckon NOT.

The bum has fallen out of the motor industry, it is not looking good.

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This would be good to see come down to realistic prices.

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This would be good to see come down to realistic prices.

Why they shoud drop the prices when they still have waitinglists? The problem is not tha consumers not want buy new cars, the problem is that they can't get finance. When the banks not give loans, the carmakers can't sale anything, even if it's cheaper, because today nobody want or can buy cash.

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The rumour would kind of make sense if it stemmed from a reduction in the tax rate. At the moment the car industry is selling very few cars due to the economic conditions. This could/will lead to a cut back in production and a loss of jobs in the car industry and related industries, spares, accessories etc., resulting in a reduction in government tax revenue and an increase in unemployment.

Reducing the tax substantially and thus the price of new cars might stimulate the demand for cars. This might lead to more sales which would secure many jobs. As the government is looking at a reduction in tax revenue due to the falling sales, selling more cars but receiving less tax per unit may make up for the loss in expected tax revenue as well as securing jobs. So no real loss to the government.

Would it hurt people who had already bought or own a car? Well some will lose out, some will see little difference and some may gain. People without cars and wishing to buy will benefit. Those on finance may be hurt. Those who have a car but need to cash in will be hurt. People who have a car owned outright and wishing to purchase a new car will not be hurt. They may get less for their existing car but the price of the new car will be lower anyway, some may even find they are better of as the differential in the price they get and the price they have to pay is reduced. This would be an incentive to some to trade in and buy a new car, exactly what the government would like.

Personally, I would think this to be a good move economically for the government to take. Sure some will lose out and some will gain but overall I think it would secure many jobs and do little to change the revenue the government receives. Also, when the economy picks up it would probably give a big boost to the local car industry and ancillary industries. Would only make real sense if the did it on locally produced cars though. The last thing the country needs at the moment is for imports of cars to pick up substantially.

Maybe my thoughts are completely screwed up but that would be my take on the rumour.

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I have received the attached info from 2 different, independent sources. YET did not see any confirmation, if this is TRUE or not .

I would definitely wait if I was to buy a car in the near future. If this is indeed true, other brands, new and used car values will definitely drop.

HONDA_Thai_1.doc

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Whhaaat? My accord 2008 2.4El Navi that i paid 1.7M a few months ago will now be only 900k?

This gotta be a joke.

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Look at it this way. All the major car companies are either cutting workers, cutting shifts, cutting production, extending holiday times for the staff still on the payroll and delaying/stopping construction on new plants (ie GM Rayong diesel plant).

None of that is good news. And the new vehicle carparks at the plants are full to overflowing

A sea of newly imported cars fills the 150-acre terminal lot at the Toyota Long Beach Vehicle Distribution Center at the Port of Long Beach

post-63954-1231680296_thumb.jpg

Conclusion: All that tin is losing value at an accelerated rate and if they can get 50 cents in the $ for it they will take your offer! Now sir, how many Camry's would you like???

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I agree that lowering the price would stimulate the market to a few more people buying new cars but lots of people will hurt from this. The whole second hand market will hurt! all the dealers that have bought the cars will not sell them with a profit, they will lose alot of money.

The people that have bought a new car will lose loads of money...

I think this is an easy way out, if you walk into a dealership today for a current model you will be on a waiting list...

My jazz is almost 1 year old and I would hurt from this. I feel sorry for Kudroz with the amount of money that he will lose...

Sure if you stay here and will buy another car later it might be less money, but at the end of the day, I am sure that most people transferred their money from abroad and then paid for it... Foreigners will hurt here, might be better for Thais..

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Whhaaat? My accord 2008 2.4El Navi that i paid 1.7M a few months ago will now be only 900k?

This gotta be a joke.

Agree.

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Any more thoughts on this rumour?

Heres what I know, bought new jaaz sv in October, govt reduced some tax on it for E20 vehicles so the price went down, a week before I ordered mine Honda actually INCREASED the price by 10000 baht the Bast***S!!

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Ok, I was just told that this had to be a joke... So I will hope that it is...

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BANGKOK 28 July 2017 15:47
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