Ranking: Indonesia Leads ASEAN in Car Sales, Malaysia Overtakes Thailand

Indonesia leads ASEAN in car sales!

In the first quarter of 2024, Indonesia led Southeast Asia’s automotive sector with 215,069 units sold despite a 23.9 percent drop in wholesale car sales.

Malaysia saw a 5 percent rise in sales to 202,245 units, driven by a tax exemption for local vehicles.

Thailand experienced a significant 25 percent decline to 163,666 units, hindered by non-performing car loans and a stagnant domestic market.

Nevertheless, Thailand's electric vehicle segment is growing due to the entry of Chinese manufacturers, indicating potential growth despite the overall sales downturn.