Asean car markets have lost 15 percent in first four month of 2014 dragged down by Thai collapse. Albeit record growth posted by Philippines and Vietnam, the entire zone is projected to fall in full year 2014.
The Association of Southeast Asian Nations, or ASEAN, was established in 1967 and actually include the founding countries (Indonesia, Malaysia, Philippines, Singapore and Thailand) plus Brunei, Laos, Myanmar and Cambodia that joined the association later.
The ASEAN Community is comprised of three pillars, the Political-Security Community, Economic Community and Socio-Cultural Community. Each pillar has its own Blueprint approved at the summit level, and, together with the Initiative for ASEAN Integration (IAI) Strategic Framework and IAI Work Plan Phase II (2009-2015), they form the Roadmap for and ASEAN Community 2009-2015.
The domestic automotive market in 2013 was the highest ever for the region with 3.450.439 light commercial vehicles (no above 3.5 tons trucks and busses included) with Thailand as largest market after the sales boom that followed the “first car buyers” government incentive scheme.
In the first four month of 2014, the ASEAN zone car sold have been 1.022.000, losing 14.3% from the correspondent period last year. The zone was dragged down by Thai market collapse (down 41%) and Indonesia kept the leadership with 383.000 sales, around 90.000 more than Thailand. The third market was Malaysia with 217.000 units.
Behind, two fast markets are Philippines, up 21.3% and Vietnam, up 34.4%.
In the interactive tables below the full picture at April 2014:
|Rank April 2014||Rank Ytd 2014||Country||Sales Apr 2014||Sales Apr 2013||Apr Var.||Sales Ytd 2014||Ytd 2014 Var.|
The ASEAN car market is dominated by Japanese Maker with three of them on top on Year to date April sales. Toyota leads with over 300.000 vehicles sold, followed by Honda with 108.000 sales and Mitsubishi with near 100.000 sales.
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