Used car prices remain strong, boosting MTC, KTC, and TURBO shares

HoonVision··Read original
2▲3 ▼0Impact / 5
Summary · why it matters

Kasikorn Securities notes that used car prices remain robust, supported by a 23% year-on-year decline in repossessed vehicles entering auction yards, averaging 13,400 units per month in the first half of 2026. This is below the historical average of around 18,000 units per month, leading to stable or slightly higher used car prices. Since mid-2025, prices have fallen only about 5%, compared with a normal depreciation rate of roughly 10% per year. The research team expects auto loan providers, including TISCO, KKP, TTB, BAY, MTC, SAWAD, TIDLOR, and TURBO, to benefit from rising used car prices, and maintains a neutral view on the financial sector. Top picks are MTC with a target price of 39.0 baht, KTC with a target price of 49.0 baht, and TURBO with a target price of 2.2 baht.

Impact on assets 9

Financials▲ · 9 stocks
Krungthai Card PCL
KTC
▲ PositiveDemandrelevance

Used car prices remain strong, boosting auto loan providers; KTC is a top pick with target price 49.0 baht.

© 2026 MarketIVNews