New vehicle sales in the ASEAN's top five markets combined fell by 14.5% in 2006 to 1.73m vehicles, compared with 2.02m units in the previous year. Indonesia led the decline with a 40% drop in new sales, while Malaysia saw sales volumes drop by 11% and Thailand by 3%. The smallest of the top five, Singapore and the Philippines, saw growth continue - albeit at a slower pace than in 2005.