BMW faces flat sales amid rising oil pricesMs Joo (second right) with BMW Group Thailand executives. The company is concerned about the impact of the Middle East conflict on domestic car sales. Rising crude oil price volatility, fuelled by escalating tensions between the US and Iran, is threatening to stall Thailand's automotive recovery, with luxury car sales projected to remain flat this year, according to BMW Group Thailand. Kris Joo, president and chief executive of BMW Group Thailand, said the industry is facing growing concerns that surging oil prices could further weaken consumer confidence, putting more pressure on the currently sluggish economy. "We have to closely monitor the war in the Middle East and update how it impacts the economy and business," he said.

Source: Bangkok Post March 20, 2026 11:09 UTC