Krungsri Auto Strengthens Leadership in Used Car Financing with GO Auto Station, a One-Stop Solution Empowering Thai Automobile Users for Financial Inclusion

Mr. Congsin Congcar, Head of Krungsri Auto Group, Bank of Ayudhya PCL, said: "Amid an economic slowdown and persistently high household debt, Krungsri Auto believes that the key to shaping the future of automotive finance lies not only in overcoming challenges, but also in recognizing and leveraging the driving forces to anticipate and respond swiftly to industry changes. Today, we see two significant forces at play, evolving consumer behavior and ongoing economic uncertainty. In response, Krungsri Auto is committed to creating shared value for employees, customers, society, and shareholders through our '4WINS' approach, along with the principles of Krungsri Auto Sustainable Responsible Lending. We are confident these initiatives will expand financial inclusion while securing sustainable, long-term growth."

In the first half of 2025, Thailand's used car sales fell by about 5 percent year-on-year, pressured by economic conditions and weakened consumer confidence. Krungsri Auto is determined to play a leading role in reversing this trend in the months ahead.

"With one third of the market share in used car finance industry, Krungsri Auto has long been the leader in this sector. As a market shaper, we are setting a new benchmark with GO Auto Station, Thailand's first One-Stop Solution connecting buyers, sellers, and financing service in seamless platform. This innovation ensures customers enjoy convenience, fast, and confidence in quality-assured used cars, while dealer partners gain access to a wider pool of qualified customers. Together, these advantages will help accelerate growth for the used car market and the Thai economy," Mr. Congsin added.

GO Auto Station, a used car marketplace on the GO by Krungsri Auto Application, offers an all-in-one solution for used car buyers, featuring Thailand's largest selection of quality-assured used cars on the market. It stands out in the market with its core strengths of 'Convenient - Fast -Complete':

• Convenient: A comprehensive smart search car system with advanced filters and accurate offer comparisons, designed for today's digital-savvy buyers who prefer purchasing used cars online.
• Fast: Check your credit appraisal or apply for digital auto lending through the "PromptStart" innovation on the GO by Krungsri Auto Application. Customers can calculate installments and receive loan approval within 30 minutes, with every step completed fully digitally.
• Complete: Featuring more than 218,000 quality assured vehicles sourced from Krungsri Auto's ecosystem partners, with car grading and inspection by professionals. The platform also connects customers to financing, insurance, and maintenance services, and ongoing benefits such as installment payments, compulsory insurance renewal, and exclusive lifestyle privileges, delivering a truly end-to-end automobile user experience in a single app.

"Krungsri Auto believes this bold move into the used car market is a game-changer, driving sustainable growth, broadening fair access to financial services and car ownership, and setting new standards that will fuel both industry and Thailand's economy," Mr. Congsin concluded

• ข่าวBank of Ayudhya
• ข่าวo:editor
• ข่าวmotor
• ข่าวo:fin
• ข่าวo:loc