New vehicle sales in the ASEAN region’s six main markets declined by 5.4% to 856,998 units in the third quarter, from 906,233 units a year earlier, according to data compiled by Tony Pugliese for just-auto.
Nevertheless, sales in the first nine months of the year were up by 7.3% at 2,668,830 units, compared with annual growth of 14.6% in the first half of the year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Regional sales were dragged lower mainly by a sharp drop in demand in Thailand, the region’s largest market, as deliveries of vehicles sold under the government’s first-time buyer scheme dried up and year-on-year comparisons got much tougher.
Most other markets in the region remained positive in the third quarter, despite growing uncertainty created by speculation over the US Federal Reserve’s fiscal “tapering” policies, which caused significant stock and currency market volatility across the region over the summer.
Read our full analysis of developments in the major ASEAN national markets
