New-car sales in Southeast Asia’s six major markets climbed 5% on the year to 281,366 vehicles in May, about the same rate as in April, but poor growth in Thailand leaves automakers cautious.
Thailand experienced four straight months of double-digit growth through April but achieved only a 1% gain to 66,422 units in May.
Sales fell for pickup trucks, which account for about half of the country’s new-car market. Sales of passenger cars edged up just 4% in May after 23% growth the prior month.
Thai sales were brisk to kick off the year, aided by consumers willing to reopen their wallets after adjusting to a carbon-based excise tax for new vehicles introduced in January 2016. Some think that May’s deceleration is just temporary, but all automakers will be watching how sales progress.
Indonesia, the region’s largest market, has been stable. Sales in May grew 6% to 93,775 units. Low-cost environmentally friendly vehicles continued to sell at a pace of 20,000 per month. All eyes are now focused on the results of the Ramadan sales battle taking place this month.
The region’s six leading markets also include the Philippines, Malaysia, Vietnam and Singapore.
From January to May, new-car sales in Southeast Asia jumped 8% on the year to 1,365,132 units, the first time in three years that aggregate sales through May have topped 1.3 million.
Thailand ready to host ASEAN Summit from Nov 2 – 4
The summit will be attended by many leaders from 10 ASEAN member countries and those from China, South Korea, Japan, the United States, Australia, New Zealand, India and the United Nations.
The Director-General of the Department of Information and spokesperson of the Ministry of Foreign Affairs (MFA) disclosed that Thailand is ready to host the 35th ASEAN Summit and related meetings from November 2 – 4, 2019.(more…)
Malaysia and Thailand better positioned to develop e-commerce
Countries with more developed infrastructure, such as Malaysia and Thailand, are better positioned to develop e-commerce. Thailand could be set to experience a surge in e-commerce activities over the coming years
Online shopping is increasingly popular in key ASEAN cities, thanks to improved infrastructure and the variety of payment options, including cash-on-delivery, bank transfer or paying at the 7-Eleven store.(more…)
Tackling regional haze problems tops September “ASEAN Today”
JAKARTA, 23 September 2019 – The September 2019 edition of “ASEAN Today” looks at the recurring problem of air pollution caused by forest fires in Indonesia. Raissa Chentami of The Indonesia Channel anchors the program from the new ASEAN Secretariat in Jakarta.(more…)
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