Chart, car market, month, quarter : euphoria in december

It started again ! As fast as a V8 engine… The car market has been euphoric in december in Thailand, eventhough with a view per quarter, we are back to “normal levels” (catching up effect).

Let’s start per month.

Both market, commercial and passengers, increased to a total of 72 000 units sold in december.

Then, with the year on year percentage of growth.

The base effect (the hole of end 2008) is of course playing.

And per quarter.

Q4 was a real “Green Shoot”, on… speed. 😉

Let’s be cautious for the coming months (catching up effect)… But without any incentive from the gvt, that’s a nice performance.

It shows that cars… still have a powerful (and fatal) attraction on people. They are willing to line up to buy cars. Social status. Feeling of power ? Or necessity ?

Who could blame them ? Look at our western morons… It’s even worse : governments in 2009 gave money away, allowing individuals to buy new cars… USA, France, Germany…  You name it. Cash for clunkers. “Prime à la casse”. Happy. More debt, but happy. 😉 And what we will do in 2010 and 2011 ? That’s obviously another story…

As for China… it became the first car market in the world in 2009 (in units)… It’s not growth anymore… it’s a mania on drugs.

So again : I won’t blame the Thais.

(source, Bank Of Thailand)

8 Responses to “Chart, car market, month, quarter : euphoria in december”


  1. 1 Insanity 31 January 2010 at 11:02 pm

    Thailand Loans GM $409 Million

    http://www.manufacturing.net/News-Thailand-Gives-GM-409-Million-012910.aspx?menuid=36

    The hyperlink word “gives” is probably more accurate!

  2. 2 Insanity 1 February 2010 at 12:15 pm

    Off Topic

    Thai Jan reported (actual?) consumer prices up 4.1 pct on year.

    http://www.reuters.com/article/idUSBKT00318820100201?rpc=401&feedType=RSS&feedName=hotStocksNews&rpc=401

    Annual inflation picks up to 4.1 pct from 3.5 pct in Dec.

    Your wealth is being destroyed if you bank in Thailand.

    Thai banksters continue to profitter by offering 0.5% Savings Deposit Account (taxed at 15%!) for Thai’s and 0% for non-residents.

  3. 3 ThaiCrisis 1 February 2010 at 2:05 pm

    Thanks Bob. I will come back soon on the CPI issue (I didn’t update charts since… an eternity…. since those lunatics changed the calculation method). Anyway.

    Don’t forget that the central bank itself is saying that CPI is “depressed” thanks to… subsidies from the government (read my article here).

    So it means that the problem is more acute.

  4. 4 Insanity 1 February 2010 at 3:29 pm

    Continuing from above another definite maybe statement from the supposed Governor of the BOT:

    Thailand May Exit Accommodative Policy This Year, Tarisa Says

    http://www.businessweek.com/news/2010-02-01/thailand-may-exit-accommodative-policy-this-year-tarisa-says.html

    Sometime this year PERHAPS there will be a change toward moving away from the very accommodative monetary policy because the need is no longer there,” Governor Tarisa Watanagase

  5. 5 ThaiCrisis 1 February 2010 at 4:01 pm

    It’s freaking hilarious…. “Sometime this year perhaps….” 😉

    She’s speaking like the FED. ah ah ah ah. It’s a club. The club of Bozo Central Bankers.

    Every day that passes, the pressure is mounting on those clowns. They keep their insane free money policy… while saying “recovery”… while enduring the IMPOSSIBILITY, I repeat the TECHNICAL IMPOSSIBILITY to increase their rates (it would, in a matter of weeks blow up large parts of the world economy).

    So they are fucked. Utterly fucked.

    We are in a train, at high speed. And this train will not stop at any “exit strategies” station. This station doesn’t exist.

    The risk of a double-dip slump in the global economy isn’t very high, though “no one can dismiss it,” Tarisa said.

    Isn’t very high ? God bless you Tarisa.
    Amen.

  6. 6 Lothar 1 February 2010 at 6:21 pm

    @Insanity:

    I remember that in 2001 the IMF _WARNED_ Thailands politicans that they should do something against the high savings rate in Gold. It was so obvious that the banksters did this because they know about the fraud and looting they are doing – for decades. The largest and longest Ponzi scheme ever.

    And why do you think the Thais are constructing new hotels, restaurants and homes like crazy. Because they look at real estate as the only way to preserve there money. They don’t trust banks. 1997 is not so long away.

  7. 7 Pricilla 1 February 2010 at 6:29 pm

    “The risk of a double-dip slump in the global economy isn’t very high, though “no one can dismiss it,” Tarisa said.

    Yes a priceless hedging quote from an ignoramus, although in fairness that central banker club has a very large membership and all read from the same ill-fated (for the rest of us) Keynesian text book.

    There may be a final BS Goldman volume engineered rally, but the crash is coming this time and all the tragic policies of enslaving populations into perpetual public debt wont change that. Worrying signs from China as well which will take those commodity countries mindlessly relying on that market with it.

    We live in interesting times.

  8. 8 faith 2 February 2010 at 10:12 am

    As far as the Thai car market is concerned, don’t forget one thing . In Thailand you can walk into any car dealer, put a few million THB cash on the table and drive away with a new car, no questions asked.
    The stimuls package is being spent , kickbacks are starting to flow in the corrupts’ pockets and cars are being bought cash.


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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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