Overview of PC + UV Sales in 10 Asian countries
- In the first quarter of 2014, sales of PC and UV 10 Asian countries (Thailand, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Korea, Taiwan, India, Pakistan) declined by 8.7% compared to Q1 2013 reaching 2 156 000 units.
- If we breakdown these figures, the Thai market fell by 45.8% (224 000 units). Two factors explain this decline: the end of the premiums for the purchase of new vehicles (car schemes) and political instability.
- Indonesia has seen its sales increase to 328 000 units, a rise of 11% compared to last year. Honda took advantage of this market by increasing its sales by 34.8% (36 000 units), thanks to the Mobilio.
- In Malaysia and the Philippines, the strong economic growth in both countries boosted the market with increases of respectively +1.4% (159 000 units) and +22.9% (52 000 units).
- Sales in Korea increased by 6.6% compared to Q1 2013 (382 000 units), although supplies were reduced as a result of walkouts. The sales of locally produced vehicles increased by only 4.6% while sales of imported vehicles increased by 27.1%.
- Finally, India fell by 11.1% (to 838 000 units). Tata's sales decreased by 36.3% (to 118 000 units sold) and it seems that there is no improvement in sight.
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