ASEAN automobile industry posts robust performance in H1

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The automotive industry in the ASEAN region registered a strong growth both in sales and production volume in the first semester this year, with the Philippines the only country whose production volume posted a negative growth.

Data from the ASEAN Automotive Federation showed that automobile producing countries in the region were able to manufacture 2,055,548 units in the January-June period this year or 18.1 percent higher than the 1,7409,322 units produced in the same period last year.

Malaysia registered a strong 31.8 percent growth having manufactured 317,933 units in the first half this year from 241,288 units in the same period last year. Vietnam also increased production by 28.3 percent to 124,946 units from 97,395 units. In terms of sales, Indonesia and Thailand were engaged in close race. Indonesia sold 475,321 units or 20.8 percent higher than 393,466 units in the comparative first semester 2021 while Thailand’s sales grew by 22.6 percent to 457,622 units from 373,191 units last year.

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