SE Asian auto sales up 9 %<\/p>\n
Agence France-Presse, Singapore<\/p>\n
Motor vehicle sales in major Southeast Asian markets continue
\nto rise despite the economic slump, increasing 9.0 percent in the
\nfirst 10 months of the year, an industry monitor said Thursday.<\/p>\n
A total of 881,232 units were sold in Indonesia, Malaysia,
\nThailand and the Philippines between January and October,
\ncompared to 805,125 in the same period last year, Automotive
\nResources Asia Ltd. (ARA) said in a report.<\/p>\n
Malaysia recorded the biggest growth, rising 15 percent while
\nThai sales were up 14 percent and Indonesia rose five percent. In
\nthe Philippines sales were down 12 percent.<\/p>\n
"Sales in most ASEAN markets remain strong through October
\ndespite the slowdown in the regional economy," ARA associate May
\nArthapan said, referring to the Association of South East Asian
\nNations.<\/p>\n
"Growth in Malaysia, Thailand and Indonesia more than offset
\nthe decline in the Philippines. We expect the trend to continue
\nas the year comes to a close."<\/p>\n
Malaysia's October sales totaled 38,388, 25 percent up on the
\nsame month last year, while Thailand sales rose 15 percent in the
\nmonth to 24,278.<\/p>\n
However, Indonesia's October sales were down 10 percent to
\n27,836, and the Philippines was down seven percent at 6,937
\nunits.<\/p>\n
The Malaysian market was the strongest of the four with
\n327,843 vehicles sold in the first 10 months, and its national
\ncarmaker Proton was the leading manufacturer, with a 20-percent
\nshare of the four markets.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/se-asian-auto-sales-up-9-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}