BMW car in a used car dealer in Thailand.

Chiang Mai’s Used Car Market Stalls in Economic Woes

CHIANG MAI, July 8 (TNA) – Chiang Mai’s used car dealerships struggle to survive amidst economic woes and price wars.

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In the midst of fierce price wars between electric and gasoline cars, coupled with the challenging economic conditions leading to a surge in repossessed vehicles and stricter financing, Chiang Mai’s used car dealerships are facing severe downturns. Many have shuttered their operations, and those remaining are fighting hard to stay afloat, even if it means selling cars at a significant loss to keep their businesses alive. However, for consumers, this could be a golden opportunity.

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