ASEAN Automotive Sales Growth, First Half of 2016

Transportation & Logistics

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08/08/2016 23:06 WIB

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Singapore recorded the highest car sales growth in ASEAN during the first half of 2016.

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Singapore had the highest car sales growth rate in Southeast Asia (ASEAN) during the first half of 2016. From January to June 2016, car sales in the Lion City grew by 63.7 percent compared to the same period the previous year. Vietnam was second with 34.7 percent growth, followed by the Philippines in third place with 27.4 percent growth.

Meanwhile, car sales in Indonesia during the first half of 2016 were largely stagnant, growing only by a slight 1.2 percent. Three other ASEAN countries experienced declines: Thailand (-0.1 percent), Malaysia (-14.5 percent), and Brunei Darussalam (-19.1 percent).

Despite recording the highest growth, Singapore's car sales volume only reached 55,792 units, significantly lower than Thailand's 368,630 units and Indonesia's 531,929 units. Overall, ASEAN car sales in the first half of 2016 increased slightly by 3.2 percent compared to the same period the previous year, rising from 1.48 million units to 1.53 million units.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."