Trace Data Research

  The Thailand auto financing market is on its transforming journey and is growing at a steady pace despite various economic challenges. This growth is driven by the rise in electric vehicle (EV) adoption, increase demand for used vehicle financing, and advancement in financial technology which makes accessing auto loans more convenient. The Thailand auto financing market is dominated by banks and their subsidiaries due to their competitive interest rates and extensive customer base.  Who is Leading the Auto Financing Industry? The Thailand auto financing Industry is moderately fragmented with domestic banks holding majority of shares due to their extensive branch networks and customer bases. Major banks that dominate the market are Kasikornbank, Bangkok Bank, and Siam Commercial Bank, they provide financing services at competitive rates.  Non-banking financial companies (NBFCs) that manage about 6.5% of the market as of 2024, ...