Ultra-luxury car sales set to decline this year

Domestic car sales in the ultra-luxury vehicle segment are expected to fall this year due to a slowdown in the automotive industry and the Thai economy, causing people to delay their purchases, says Inchcape (Thailand), the distributor of British car brands Land Rover and Jaguar.

- LAMONPHET APISITNIRAN

US President Donald Trump's steep tariffs are also causing concern to Land Rover and Jaguar, requiring the brands to adjust their business direction.

"Car sales in the high-end market are affected by the sluggish economy which will be worsened by Trump's policy. This causes prospective buyers not to spend money," said Charnchai Mahantakhun, managing director of Inchcape (Thailand).

From January to March this year, cars sales in the ultra-luxury vehicle segment in Thailand fell by 16% year-on-year, he said.