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Mexican vehicle sales up 11.9% in August 2024
On September 4, Mexico’s Instituto Nacional de Estadistica y Geografia (INEGI) reported sales of 127,684 light vehicles in August, representing an increase of 11.9% from the 114,097 sales in August 2023.
Nissan sold 21,539 units in August, an increase of 1.7% from the previous year.
Overall Volkswagen Group sales of
December vehicle production in Thailand down 15.8%
On January 29, 2024, Federation of Thai Industries (FTI) announced that vehicle production in December 2023 reached 133,621 units, down 15.8% YoY, and slid by 18.2% MoM due to fewer working days in December. According to the FTI, the November 2023 vehicle production figure has been adjusted from 163,337 units to 163,
Stellantis could close, reorganize 18 facilities under UAW deal, including Auburn Hills HQ
Stellantis’ previous proposal to the UAW included raises of nearly 21% and would end wage tiers for some workers in addition to other bonuses and benefits.
The previous proposal also included the possible the closure of up to 18 facilities, according to sources familiar with the subject.
A focal point of the plan is
Porsche AG revenue sales revenue up 13.6% in 2022
On March 13, Porsche AG announced that its sales revenue increased 13.6% YoY in 2022 to EUR 37.6 billion, its operating profit increased 27.4% to EUR 6.8 billion.
Porsche AG delivered 309,884 vehicles, an increase of 2.6% compared to 2021, despite the effects of the war in Ukraine, the challenges of the coronavirus p
Thai AAPICO Hitech posts net profit growth of 78.1% in 2022 with THB 1.823 billion
On February 28, 2023, Thailand-based AAPICO Hitech PLC (AH) announced that its total revenue in Q4/2022 increased by 34.7% YoY to reach THB 7,878 million. The increase in revenue was driven by its automotive parts business. Higher volume from major customers, new model launch, new product launch, new order from overs
Australian new vehicle sales increase 1.8% in February
On March 3, the Federal Chamber of Automotive Industries announced that new vehicle registrations of 86,878 units in February 2023 represented an increase 1.8% over February 2023.
It recovered from the slump caused by the spread of the coronavirus to the same level as February 2019 (87,102 units).
New vehicle sales o
Cambodia-UK two-way trade climbs 23.9% in 2022 to reach USD 886.424 million
Reported on January 26, 2023, Cambodia and the UK’s bilateral merchandise trade soared 23.9% in 2022 to reach USD 977.439 million, of which Cambodia’s exports to the UK reached USD 886.424 million, up 21.1% YoY, while imports increased 60.2% to USD 91.016 million, according to the General Department of Customs and Ex
Thailand's FTI foresees 5-10% increase in car prices in 2023 amid global chip scarcity and other challenges
Reported on January 3, 2023, the Federation of Thai Industries (FTI) anticipated around 5-10% hike in car prices in 2023, both in Thai and overseas auto markets, mainly attributable to the ongoing semiconductor shortage issue.
According to the automotive club of the FTI who believed that local car production in 2023
Cambodia-U.S. bilateral trade in first 10 months of 2022 already surpasses USD 11.05 billion
Reported on December 9, 2022, the U.S. Census Bureau’s data showed that bilateral trade between Cambodia and the U.S. in the first 10 months of 2022 already surpassed USD 11.05 billion, of which USD 10.649 billion worth of goods were shipped to the states (up 47.5% YoY). Cambodia imported USD 403 million worth of pr
Indonesian sales up 4.2% in November
The Association of Indonesia Automotive Industries (GAIKINDO) and other sources reported that Indonesian vehicle sales in November 2022 were 91,086 units, up 4.2% compared to November 2021.
2022 January - November sales were up 19.2% to 942,499 units.
By automaker sales in November, Toyota was down 20.9% y/y to 26,46
PT Astra Otoparts optimistic on recovery of Indonesia’s auto parts industry
Reported on November 5, 2022, the automotive component industry is among those sectors in Indonesia damaged by the spread of coronavirus, but towards the end of 2022, the industry started to improve gradually.
According to Director of PT Astra Otoparts, the initial component production ran normally until the second
Toyota Vietnam posts 195% sales growth in September with 8,915 vehicles
On October 17, 2022, Toyota Motor Vietnam announced that its total sales in September 2022 reached 8,915 vehicles (including Lexus cars), up over 195% over the same period in 2021 and retained its position as a market leader. Sales were low in September 2021 due to strict social isolation measures in place to combat
Malaysian new car sales increases 53.0%, production increases 50.9% in September
On October 18, Malaysian Automotive Association (MAA) announced that new car sales of 67,659 units in September increases 53.0% over the same month in 2021, which were affected by a nationwide lockdown due to coronavirus pandemic.
PVs (passenger vehicles) sales were up 57.0% to 60,060 units. CVs (commercial vehicles)
Auto sales in Vietnam up 147.2% in September
According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on October 11, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were up 147.2% year on year 33,463 units in September. CKD volume was 17,193 units and CBU volume was 16,270 units. Sales were low
ACEA calls for urgent policy action as EU car sales expected to drop
On October 7, the European Automobile Manufacturers’ Association (ACEA) announced that it is calling for a policy framework that enables the market to both recover and make the shift to zero emissions as the EU car market is expected to shrink by over a quarter this year compared to pre-pandemic 2019 levels.
ACEA has