January 2014 Vehicle Sales Overview in Ten Asian Nations
- In January 2014, vehicle sales in ten Asian countries (Thailand, Indonesia, Malaysia, India, Pakistan, Korea, Taiwan, Philippines, Singapore, Vietnam) decreased 10,1% compared to the same period of a year earlier to 698 000 units. In ASEAN, Indonesia surpassed 100 000 units, while Thailand fell below 70 000 units for the first time in 25 months. India continued to see double digit decline.
- Thailand fell 45,5% to 69 000 units. The sharp drop is the result of piled-up backlog orders, generated by the First Car scheme, which artificially increased demand in the First half of 2013. Indonesia increased 7,1% to 103 000 units driven by Daihatsu, Suzuki, Honda and Mitsubishi. In contrast, Malaysia fell 8,7% to 50 000 units. However Honda increased 58,1% to 6 393 units thanks to strong performance of the Jazz.
- Korea increased 4% to 122 000 units. SUVs went up by a remarkable 60%. Hyundai rose 2,6% percent to 52 000 units aided by the fully-remodeled Genesis and the hybrid Grandeur (D segment) launched at the end of 2013.
- India dropped 11,7% to 270 000 units. Tata Motor’s sales worsened, down 40,2% percent to 28 500 units when Maruti Suzuki only decreased 6,3% to 96 500 units.
