ASEAN Light Vehicle (LV) sales increased by 14% YoY in May 2023 after the market saw a decline in March (-2% YoY) and April (-18% YoY). As such, ASEAN YTD sales turned from a declining of 2% YoY in January – April to the positive territory at 1% YoY in January – May. Briefly, the improvements were largely driven by positive sales growth in Indonesia, Malaysia and Philippines. In contrast, Vietnam LV sales remain weak while the Thai LV market was virtually flat.
Register on Just Auto for FREE
Join other automotive industry professionals in unlocking selected Just Auto content only available to registered users.
Already Registered? Login hereRegistering on Just Auto for FREE will allow you to:
- Access GlobalData’s monthly Global Light Vehicle Sales Update market report
- View regular updates on other major Light Vehicle markets such as China and US
