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INDONESIA: ASEAN vehicle market down 5.4% in Q3

By Staff reporter | 22 October 2013

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. 

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