Southeast Asian Car Sales Surge 41% in First Half of 2021
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Southeast Asian car sales totaled 1,393,945 units in the first half of 2021, a 41.4% increase compared to the 986,012 units sold during the same period in 2020.
This increase was driven by rising car sales in most countries in the region. Singapore saw the largest increase in car sales, at 58.7%. Growth also exceeded 50% in the Philippines and Indonesia.
Car sales in Malaysia rose by 43.6%, a figure not significantly different from Vietnam's 40.4% increase. Thailand also reported a 30.3% increase in car sales during the same period.
Conversely, car sales in Myanmar decreased from 9,619 units in the first half of 2020 to 6,369 units in the first half of 2021, a drop of 33.8%.
Meanwhile, Southeast Asian car production also increased, from 1,232,962 units in the first half of 2020 to 1,741,176 units in the same period this year. Production volume increased in all countries except Myanmar.
"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."
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