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Bangkok Post
Bangkok Post
Business

Chip shortage sparks 5-10% price hike

Car models are displayed at a motor show at Muang Thong Thani. Varuth Hirunyatheb

The Federation of Thai Industries (FTI) expects car prices to rise by 5-10% in 2023, mainly because of the prolonged impact of the global semiconductor shortage.

The new prices will apply to both domestic and overseas markets, given the higher prices of raw materials, said the group.

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