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Economy

Southeast Asia's new-car sales rise 5% in May

Thailand flashes yellow light with slowdown, while Indonesia shows stability

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Cars are seen at Rama IV Avenue in Bangkok.   © Reuters

BANGKOK -- New-car sales in Southeast Asia's six major markets climbed 5% on the year to 281,366 vehicles in May, about the same rate as in April, but poor growth in Thailand leaves automakers cautious.

Thailand experienced four straight months of double-digit growth through April but achieved only a 1% gain to 66,422 units in May. Sales fell for pickup trucks, which account for about half of the country's new-car market. Sales of passenger cars edged up just 4% in May after 23% growth the prior month.

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