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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
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
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
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
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
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)
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
On September 19, Malaysian Automotive Association (MAA) announced that new car sales of 66,614 units in August increases 271.7% over the same month in 2021, which were affected by a nationwide lockdown due to coronavirus pandemic.
PVs (passenger vehicles) sales were up 286.2% to 59,769 units. CVs (commercial vehicles
Reported on May 11, 2022, TC Group (Thanh Cong Group) announced that sales of Hyundai in Vietnam in April reached 6,959 vehicles. Of which, Hyundai Accent continues to lead all Hyundai Vietnam’s sales in April with 1,900 units delivered. Sales of the Grand i10 is in the second place with 1,227 units, while Hyundai Cr
Indonesian automobile manufacturers association (Gaikindo) and other sources reported that Indonesian vehicle sales in February 2022 were 81,228 units, up 65.1% compared to February 2021, which had been heavily impacted by the coronavirus pandemic.
2022 January - February sales were up 61.9% to 165,290 units.
By auto
Reported on February 22, 2022, while the auto market continues to recover from the impacts caused by the coronavirus, many automobile manufacturers and assemblers in Vietnam are struggling amid a shortage of spare parts, especially semiconductors.
In the first month of 2022, Vietnam imported USD 395 million worth of
Indonesian automobile manufacturers association (Gaikindo) and other sources reported that Indonesian vehicle sales in January 2022 were 84,062 units, up 58.9% compared to January 2021, which had been heavily impacted by the coronavirus pandemic.
By automaker sales in January, Toyota was up 42.7% y/y to 22,886 units
Reported on February 12, 2022, sales of locally made cars and trucks in the Philippines fell 11.2% YoY and 25.4% MoM in January 2022 to reach 20,765 units, according to a joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. CAMPI and Truck Manufacturers Association (TMA), amid increasing co
Reported on February 7, 2022, the Indonesia International Motor Show (IIMS) Hybrid 2022, which was originally scheduled for February 17-27 at JiExpo Kemayoran, Jakarta, had been postponed to March 31 to April 10.
This decision of the event organizer Dyandra Promosindo followed the increasing condition of Emergency Co
Reported on February 4, 2022, Mercedes-Benz Thailand predicted a double-digit rise in its 2022 local car sales in the face of prolonged coronavirus crisis and global chip shortage issue. Such growth can be projected thanks to the rising demand for luxury cars in Thailand and all Mercedes-Benz’s marketing campaigns to
On January 27, 2022, Toyota Motor Thailand announced both its business performance in 2021 and projection for 2022. Despite the ongoing coronavirus crisis and parts supply shortage, such as semiconductors issues, the carmaker managed to retain its no.1 market share of 31.6% with total sales of 239,723 units (down 1.9
Reported on January 23, 2022, Wuling Indonesia recorded 288.5% increase in its 2021 wholesales with 25,564 vehicles, while its retail sales surged 151.2% to 23,920 vehicles. In 2020 Wuling's sales had been heavily impacted by the coronavirus pandemic.
According to the Association of Indonesian Automotive Industries (
Announced on January 26, 2022, Perodua is targeting a market share of 40.6% in 2022 (up from a 37.4% share in 2021) by registering 247,800 vehicles against its projection of 610,000 total industry volume (TIV).
Perodua believes that the government’s measures to contain the spread of coronavirus is showing success an
Reported on January 24, 2022, Vietnam’s industry insiders forecasted local automotive market to recover and rise again in 2022 compared to the sluggish auto market in 2021.
This expectation was made after the continuous increase in sales of Vietnamese auto manufacturers and assemblers was recorded in the final semes
Announced on January 24, 2022, Federation of Thai Industries (FTI) forecasted that 2022 vehicle production will grow 6.8% from 1,685,705 units in 2021 to reach 1.8 million units, of which 1 million units will be production for exports (up 4.5%), while 800,000 vehicles will be produced for domestic sales (up 9.7%).
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