Factors Affecting the Returns of the Motor Vehicle Industry in the Stock Exchange of Thailand
Keywords:
Motor Vehicle Industry, Technology, Macroeconomic FactorsAbstract
Abstract
This research, titled “Factors Affecting the Returns of the Automotive Industry in the Stock Exchange of Thailand,” aims to examine the relationship between factors influencing stock returns in the motor vehicle industry during the period from January 2021 to July 2025. The results reveal that market return, inflation rate, and crude oil futures prices significantly affect the stock returns of companies in the motor vehicle industry.
References
Bank of Thailand (2025) Exchange rate. Bank of Thailand. Retrieved January 6, 2025, from https://app.bot.or.th/BTWS_STAT/statistics/BOTWEBSTAT.aspx?reportID=123&language=TH
Investing.com Ltd (2025) Crude oil futures contract. Investing.com. Retrieved January 6, 2025, from https://th.investing.com/commodities/crude-oil-historical-data
Investing.com Ltd (2025) Dow Jones index. Investing.com. Retrieved January 6, 2025, from https://th.investing.com/indices/us-30-historical-data
Komenjumrus P (2019) Factors affecting the stock return in each security in the Stock Exchange of Thailand: A case study of SET100. Master’s thesis, King Mongkut's University of Technology Thonburi
Automotive industry (2024) Automotive industry overview. Encyclopaedia Britannica. Retrieved January 6, 2025, from https://www.britannica.com/technology/automotive-industry
Krungsri Research (2024) Industry outlook 2024–2026: Automotive industry. Krungsri Research. Retrieved January 6, 2025, from https://www.krungsri.com/th/research/industry/industry-outlook/hi-tech-industries/automobiles/io/automobile-2024
Inflation rate (2025) Consumer price index. Trade Policy and Strategy Office (TPSO). Retrieved January 6, 2025, from https://index.tpso.go.th/cpi
Investing.com (2025) Crude oil historical data. Investing.com. Retrieved December 12, 2025, from https://th.investing.com/commodities/crude-oil-historical-data
Stock Exchange of Thailand (2025) Automotive return rate. SETSMART. Retrieved January 6, 2025, from https://www.setsmart.com/ssm/marketSummary
Investing.com (2025) Market return rate: Thailand SET index. Investing.com. Retrieved January 6, 2025, from https://th.investing.com/indices/thailand-set-historical-data
Bank of Thailand (2025) Minimum loan rate. Bank of Thailand. Retrieved December 12, 2025, from https://app.bot.or.th/BTWS_STAT/statistics/BOTWEBSTAT.aspx?reportID=223&language=TH
Bank of Thailand (2025) Business confidence index (BCI). Bank of Thailand. Retrieved December 12, 2025, from https://app.bot.or.th/BTWS_STAT/statistics/BOTWEBSTAT.aspx?reportID=405&language=TH
Komenjumrus P (2019) Factors affecting the stock return in each security in the Stock Exchange of Thailand: A case study of SET100. Master’s thesis, King Mongkut's University of Technology Thonburi, p 28
Trakulpaisan S, Jaroenwiriyakul S (2023) Factors affecting the rate of return of energy and utility securities in the Stock Exchange of Thailand. Proceedings of the 25th National Graduate Conference, 2/2023
Supasoon A, Chruathonghua M (2023) Factors influencing the total return of property funds and trusts. Proceedings of the 24th National Graduate Conference, 1/2023
Yimjarern N (2012) The analysis of return rate and risk of automotive sector in the Stock Exchange of Thailand. Master of Business Administration thesis, Sukhothai Thammathirat Open University
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Ramkhamhaeng International Journal of Science and Technology

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright Notice: a copyright on any article in the published journal is retained by the Ramkhamhaeng International Journal of Science and Technology. Readers or Users grant the right to use of the Article contained in the Content in accordance with the Creative Commons CC BY-NC-ND license and the Data contained in the Content in accordance with the Creative Commons CC BY-NC-ND.