Used Car Trading Company Employees Lose Jobs as Industry Trends Shift: Analysis by Krungsri Research

2024-04-29 10:48:00

Afterwards there was news that Used car trading company Hundreds of employees lost their jobs. PPTV inquired with the call center and confirmed that it was indeed closed.

After learning that a used car trading company, Cars24, a used car trading company closed its doors on April 25, 2024, causing hundreds of employees to become unemployed. PPTV news team called the call center to inquire and confirmed that. The business will effectively be closed. But did not reveal when They considered that it was internal information of the company but that it would gradually close branches. It was also reported that there is only one branch in Lat Krabang that still offers car buying and selling services.

However, Krungsri Research, Krungsri Bank, previously mentioned Business/Industry Trends for 2023-2025, Automotive Industry, mentioning used car tent that sales revenue tends to stagnate depending on demand Indeed, new cars will likely continue to enter the market after certain chip models arrive. and the trend of electric cars becoming popular This leads to a decrease in demand for used cars. This is because almost all used cars are internal combustion engine cars.

Additionally, the supply of unmortgaged cars entering the market is increasing. Indeed, some borrowers are not able to pay in several installments. Faced with the rise in the cost of living and the entry of new entrepreneurs which are expected to continue to increase (Especially multinational companies Companies affiliated with car manufacturers and online used car exchange platforms can put pressure on operator profit margins.

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