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Business trends

New car sales in Southeast Asia cruise toward record high

Malaysia and Thailand help push January-June figures up 4% on year

With a few notable exceptions, new car sales are on a tear across Southeast Asia. (Photo by Takaki Kashiwabara)

BANGKOK -- Southeast Asia experienced strong new car sales in June, driven by a rapid market recovery in Malaysia after the country slashed taxes.

New car sales in the region in June jumped 6% on the year to 277,726 units, while first-half new car sales were up 4% on the year to 1.69 million units -- the second-highest level after the January-June period in 2013.

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