ASEAN vehicle sales drop 16% in Q2 2015 - just-auto.com (registration)
Sales volumes in the region's six main markets combined declined by almost 16% to 676,865 units in the second quarter, compared with 804,886 units in the same period of last year, reflecting sharply lowered demand in the three largest markets -... Overall regional sales in the first-half of 2015 fell by almost 10% to 1,450,585 units, compared with 1,609,566 units in the same period of last year. This made it South-east Asia's worst performing market in the first half of the year, with sales declining by over 18% to 525,500 units - reflecting a significant slowdown in the country's economic growth. The vehicle market in Thailand also continued to spiral downwards in the second quarter, with sales falling by almost 21% to 171,734 units after a 34% drop in the same period of last year. The country's economy remains sluggish, with second-quarter growth estimated to have dipped below the 3. 0% growth rate seen in the first quarter and representing a weak rebound from very depressed year-earlier data. Sales in Malaysia declined by over 11% to 153,878 units in the second quarter, resulting in a 3. 3% decline in the first half to 322,184 units. Source: www.just-auto.com
