Thailand: Increase taxes on classic used cars to support local industries

The Thai Taxation Bureau officially announced on April 13: Starting from fiscal year 2026, a 45% import tax will be imposed on classic used cars over 30 years old, with an annual revenue of approximately 1 - 2 billion baht. It is only used on weekends/holidays. The policy aims to support local restoration industries.

EU: Promote the digitalization of vehicle documents and improve compliance efficiency

The European Commission announced a new motion on April 19: promote the full digitization of vehicle registration certificates, with electronic certificates as the main component within three years, including unique logos that can be scanned and traced back to the EU's "scrapped vehicle regulations" and "battery regulations" to simultaneously adapt to circulation compliance efficiency.

US: The value of used cars rebounds, and both supply and demand are booming

Manheim Index data on April 18: The value index of used cars in the United States rose by 6.2% year-on-year in March, and the inventory cycle shrank to 40 days. Both supply and demand were booming; demand for used electric vehicles in Europe climbed (the proportion of French platforms rose from 6.5% to 12.7%), overall prices are stable and rising.

Source: Zhuzhou Used Car Export Base

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