Malaysia is now the 2nd largest auto market in Southeast Asia after overtaking Thailand for 3 consecutive quarters through Q1 2024.
This is a major shift in the region as Malaysia has been ranked 3rd for a long time, though Indonesia still tops the list due to the sheer size of its population and market.
Malaysia overtakes Thailand as the 2nd largest auto market in Southeast Asia
According to sales data compiled by Nikkei Asia, Indonesia recorded the most auto sales in Q1 2024 followed by Malaysia in 2nd place. Thailand, Philippines and Vietnam make up the top 5.
Out of the top 5…
