Car sales
The company sells new cars through its dealership network, mainly premium and luxury brands in Thailand. It handles vehicle ordering, delivery, and customer handover for retail buyers and fleet customers.
Customers and revenue model
M
Millennium Group Corporation Asia PCL
SET:MGC
Millennium Group Corporation Asia PCL
SET:MGC
Price:
6.25
THB
-2.34%
Market Closed
Market Cap:
฿7B
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Company Overview
Business Description
- Sector
- Consumer Discretionary
- Industry
- Retail
- Headquarters
- Thailand TH
- Employees
- 2 649
- IPO date
- Apr 26, 2023
Millennium Group Corporation Asia PCL is a Thai automotive retail and services company. It sells new cars, used cars, and related vehicle services through dealership operations, and it also earns money from financing, insurance, maintenance, repairs, and spare parts. Its business is centered on helping customers buy, own, and keep vehicles on the road.
The company mainly serves individual car buyers and vehicle owners, along with some corporate customers that need fleet or commercial vehicle support. It works as the retail link between car manufacturers and end buyers, which means it does not usually make the cars itself. Instead, it makes money from vehicle sales commissions and margins, dealer services, and recurring after-sales work.
What makes the business model durable is the mix of one-time sales and ongoing service revenue. New and used car sales bring customers into the network, while maintenance, insurance, financing, and parts create repeat business after the purchase. That gives Millennium Group a role that is less dependent on single transactions than a pure retailer and more tied to long-term vehicle ownership.