The Indonesian, Thai and Vietnamese light vehicle (LV) markets fell in the first eleven months of 2023 by 2% Year-on-Year (YoY), 8% YoY and 22% YoY, respectively. In contrast, demand in Malaysia and the Philippines rose by 13% YoY and 21% YoY, respectively.
Malaysia overtakes Thailand as the second largest ASEAN market in 2023
Thailand's market was hit in 2023 by weak sales of pickups