ASEAN Light Vehicle (LV) sales declined by 9.3% year-on-year (YoY) to 963k units from January to April. Malaysia and the Philippines were the only countries to experience positive sales growth, while Indonesia, Thailand, and Vietnam continued to face weak demand.
In data: Subdued demand in Indonesia and Thailand expected to influence ASEAN sales outlook in 2024
Sales in the region are now expected to decline in 2024, according to GlobalData
