ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

SE Asian car sales inch up despite several faltering markets

Thai sales plunge 15% in November as consumers shy away from big purchases

BANGKOK -- November new-car sales in Southeast Asia's six major economies crept up 0.6% on the year to 286,524 vehicles, as bullish buying in top market Indonesia helped overcome a major slump in Thailand.

Sales of new automobiles in Thailand plummeted 15% year-on-year to 64,771 units, the most drastic drop in 17 months. A Bangkok Toyota Motor dealership said that even in December, "sales were still 10-to-15% down" from the level before the death of King Bhumibol Adulyadej in October. Mourning consumers have shown particular restraint on big purchases such as cars and luxury items.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more