According to the ASEAN Automotive Federation (AAF), in the region’s seven main markets, Indonesia, Thailand, Malaysia, the Philippines, Vietnam, Singapore, and Myanmar, 3.35 million vehicles were sold, a 2.1% decline from 2022.
But the data, compiled from AAF’s members in various countries, does not include sales of Vietnamese firm Hyundai Thanh Cong.
The leaders, Indonesia and Thailand, saw sales drop by 4% and 8.1%. In Myanmar, automobile sales fell to less than 4,000 in 2023, a decrease of 52.5% compared to 2022.
The number of cars sold in Vietnam was 369,431, the fifth highest after…
