its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Sales Data  Updated at: 2025/02/28

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Sales Data  Updated at: 2025/02/26

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Sales Data  Updated at: 2024/02/22

2, supported by the transport of goods forced onto roads due to the rail inefficiencies. The country’s weak economic growth rate, although still marginally positive, remains a key challenge for the new vehicle market going forward in view of the close correlation between new vehicle sales and the GDP growth rate. With a modest GDP growth rate of 1% projected for 2024, the new vehicle market would likely only improve by single digits of around 5...

Automotive Sales Data  Updated at: 2024/02/05

ording to NAAMSA, while the new vehicle market has seen substantial growth since the initial shock, it has not been sufficient to return to pre-pandemic levels in 2021.A sustained higher domestic economic growth rate is essential to support higher domestic new vehicle sales volumes. However, with a GDP growth rate forecast of a moderate 1.8% in 2022, the new vehicle market is expected to continue its gradual recovery during the year, but at a slo...

Automotive Sales Data  Updated at: 2022/02/25

Ford and Hyundai at 4th and 5th place, respectively.The five leading sellers in May were the Chevrolet Onix, Ford Ka, Hyundai HB20, Renault Sandero, and Volkswagen Gol.Fenabrave projects that passenger car and light commercial vehicles sales in 2017 will increase by 2.0%.The Gross Domestic Product (GDP) increased 1.0% in the first quarter compared to the fourth quarter of 2016 and consumer confidence is increasing.Automobile production, sales, ex...

Automotive Sales Data  Updated at: 2018/07/24

ble at 1.1 million units, while the local market is expected to rise by 2% to 870,000 units.The club is concerned about the global economic outlook, which remains uncertain, especially in regard to non-tariff barriers from each country. The outlook for the domestic market is positive. A strong Thai GDP, projected to grow by 3.8-4% next year, will drive the car market,  although the growth pace may be slower than in 2017.Thailand - Production and...

Automotive Sales Data  Updated at: 2018/07/24

s down 12.2% y/y to 29,938 units and Honda was down 0.4% to 17,023 units. Daihatsu was down 14.3% to 16,760 units. Mitsubishi (including Fuso trucks) was up 45.4% to 11,831 units. Suzuki was up 33.3% to 9,594 units.Automakers see the Indonesian sales trend is basically positive based on the ongoing GDP growth. Indonesia new vehicle sales by make (Wholesales) Maker/Brand Oct. 2017 Jan.-Oct. 2017 units Share Y-o-Y units Share Y-o-Y Toyota (e...

Automotive Sales Data  Updated at: 2018/07/24