Hello everyone, today Xiaobian has come to share the latest information with you. According to reports, in 2021, thanks to the substantial growth in sales in Indonesia and the relaxation of lockdown restrictions in the second half of the year, the total sales of new cars in the six major economies of ASEAN ushered in the first increase in three years.
It is understood that last year, the total sales of new cars in Indonesia, Thailand, Malaysia, Vietnam, the Philippines and Singapore reached 2.79 million, an increase of 14% year-on-year, of which Indonesia's sales rose by 67%.
In mid-2021, Indonesia overtook Thailand for the first time in two years to become the largest car market among the six ASEAN countries, with 887202 units sold, thanks to the country's tax cuts introduced last March to boost demand.
Toyota's market share in Indonesia exceeds 30%, further consolidating its leading position. Daihatsu and Mitsubishi also expanded their respective shares to become the second and third largest brands in the Indonesian market by sales.
Toyota, a leader in the Thai market, expects to sell 860,000 vehicles in Thailand in 2022, and Norianki Yamashit, president of Toyota Motor Thailand, said Thailand's auto industry is "gradually moving toward normalization." However, as consumer purchasing power has weakened in the long-term pandemic, it is unlikely that sales will return to the 2019 level of 1 million vehicles before 2023.
Well, that's all for this issue, see you in the next issue!