ASEAN

Singapore Car Market saw significant growth in 2024. Car sales in October reached 3,231 (+44.8%) and recording growth for the 12th consecutive month. YTD figures stood at 32,336 (+48.3%). All top 10 brands grew in double-digits.

Philippines Vehicle Market slows down in 2024. Total sales in September grew only 0.8% to 38,926 units, after 5 months of steady growth. YTD figures reached 338,731, up 7.7% compared to the previous year.    

Myanmar Vehicles Industry is fast growing in 2024. Large incentives to EV and the ban to ICE models moved the market to the collapse, but now it is recovering with YTD 2024 sales up 34.7%.

Thailand Vehicles Market in June 2024 fell for the 10th consecutive month, registering 53,010 new sales (-26.4%). YTD figures at 344,602 are down 23.6% compared to the prior year.

Thailand Best Selling Cars ranking from 2024 with the Toyota Hilux as new market leader despite losing 27.2% in volume. The Toyota Yaris Ativ enters 4th rising 163.8% in sales.

Cambodia auto market is slightly up in 2024. Total sales in March reached 2,425 (+6.9%). Sales in Q1 up to 8,120 units.

Asean best selling cars ranking in 2023 is still dominated by the Toyota Hilux (-10.1%), followed by the Isuzu D-Max (-24.3%). The Toyota Avanza rises 1 spot into 8th (+11.0%). The Honda HR-V grows 17.9% into 5th spot.