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Economy

Southeast Asian auto sales make a comeback

Second straight year of growth gives makers reasons to plan long-term

A Mitsubishi Motors-affiliated dealership in Bangkok

BANGKOK The Southeast Asian auto market is set to have a second straight year of growth, thanks especially to Thailand and the Philippines, where sales have been particularly strong.

New-auto sales in six major countries in the region climbed 5% on the year to around 2.45 million units in the first nine months of 2017. The full-year tally is seen coming in at around 3.4 million units -- the highest in four years.

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