Dynamics in Southeast Asia’s Automotive Sector: Malaysia Climbs, Thailand Declines

In 2023, the automotive landscape in Southeast Asia underwent notable changes, with Malaysia surpassing Thailand to become the region’s second-largest market, just behind Indonesia. This shift reflects the dynamic nature of global automotive competition, where strategic economic moves and market adaptability shape standings significantly. ASEAN nations saw varied performances in light vehicle (LV) sales. Indonesia […]

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