Malaysia overtakes Thailand as South-East Asia's second-biggest auto market

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Automobile Industry,Auto Maker,Thailand

Students from Sekolah Seri Puteri in Cyberjaya, Selangor walked away with three awards at the 29th International Competition and Festival of Folklore, Dance and Music Etoiles De Paris.

BANGKOK/KUALA LUMPUR : Malaysia has overtaken Thailand to become South-East Asia's second-largest auto market, after Indonesia, a major shift in a region that has become a key battleground for Asian automakers, Japan’s Nikkei Asia online newspaper reported.

According to the Malaysian Automotive Association, auto sales increased 5 per cent in the first quarter from a year earlier to 202,245 vehicles. This followed an 11 per cent increase in 2023 to a record 799,731 vehicles. Figures in the Philippines increased 13 per cent in the first quarter, the highest among the five countries, after inflation eased to around 4 per cent in late 2023 and as consumer spending remained strong.

 

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