Thailand saw the biggest jump, as the region’s second-largest auto market logged a 15% overall increase
New-car sales in Southeast Asia rose 4% to 256,647 units in April for a sixth consecutive month of year-on-year increases, despite a slower pace of gains than in February and March.
Thailand saw the biggest jump, as the region’s second-largest auto market logged a 15% overall increase aided by a 23% boost in passenger-car sales.
The country continued its recovery, achieving a fourth straight month of double-digit growth. Automakers such as market leader Toyota Motor and fourth-ranked Mitsubishi Motors bolstered their market shares.
Sales rose 6% in Indonesia, Southeast Asia’s largest market, but fell in Vietnam and Singapore.
Malaysian sales inched up just 1%. Car production declined in April, possibly suggesting that automakers are growing skeptical of sales prospects in the country.
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Southeast Asian new-car sales soared 14% for both February and March. Japanese automakers account for 80% of the region’s market share.
