Brunei Vehicle Market in the first half 2018 was negative again and the year is proected to be the fifth in a row with declining sales. Indeed, the local economy is still disappointing despite the increase of oil price with LNG export fallen down.
Brunei cars sales in the 2017 has lost for the fourth year in a string losing 6.5%. The negative economic trend and the lower consumer spending both in private and public sectors keep to hit the automotive sector.
Brunei Auto Sales 2016 dragged down by the challenging economic conditions in the crucial energy market. The recession cut the customer's demand for vehicles and the sector declined for the third year in a row.
Brunei Auto Market in First Half 2016 crashed in double-digit, but in June recorded the first positive data. The Suzuki Swift conquered the leadership in the models ranking.
Brunei Automotive Industry kept falling down in the first quarter 2016 hit by the further declining GDP and weak domestic consumption's. Toyota led the competition with the Wiggo on top of models list.
Brunei Vehicles Market in 2015 dropped 20% at lowest in five hit by the fall of national economy, low investments and weak internal demand. The 2015 was fall was the highest in the last 30 years. Toyota on top of the list.
Brunei Auto Sales fell 2% in the first half of 2014 following the all-time record posted in the previous year. Toyota is stable on the top while Kia is reducing the gap. It is a great momentum for the Japanese Suzuki that gained the podium.
In 2013 the car market in Brunei was flat from the previous year posting the highest level in the last decade. Toyota and Kia dominated the market although the arrival of new competitors is giving pressure to the leaders that are progressively losing market share.