Auto sales in SE Asia jump 46%

[Ulhas Joglekar]

27 December 1999
Auto sales in SE Asia jump 46%
SINGAPORE: Sales of automobiles in Southeast Asia jumped 46.2 per cent in
the first 10 months of 1999 compared to the same period last year, experts
said.
A total of 5,19,039 vehicles were sold during the 10 months of 1999 against
3,55,029 sold last year with monthly sales in indonesia reporting the
highest growth, visteon, one of the largest automotive component makers in
the world, said in a report.
Sales of vehicles in Indonesia rose 22 per cent to 13,506 in October
compared to the same month last year, the highest monthly sales total of the
year and the fifth consecutive monthly sales in the country.
Total sales in the first 10 months also increased by nearly 20 per cent to
64,894 units, according to visteon.
In Malaysia -- which accounts for 44.8 per cent of all vehicles sold in the
region -- sales spiralled upwards with total sales of 2,33,614 vehicles in
the first 10 months of this year, a surge of 91.65 per cent compared to
1998.
In October alone, sales of vehicles in Malaysia totalled 26,310, nearly
equal to its record-setting sales of 26,455 units in September.
Sales in the Philippines also increased 7 per cent in October to 6,914
units, the country's third consecutive month increase, but sales for the
first 10 months fell 8.42 per cent to 60,663 units.
Despite the drop in sales this year versus the first 10 months in 1998, the
market in the Philippines is showing signs of steady growth, Visteon said.
(AFP)
For reprint rights: Times Syndication Service
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