Philippine Asian News Today Vol 19 no .14 | Page 11

July 16 - 31, 2017
PHILIPPINE ASIAN NEWS TODAY
11
PH car industry grows
fastest in ASEAN
production went up by
15.7 percent to 844,705
units
from
730,218
units
while
Malaysia
produced 182,443 units
or 6.7 percent higher than
170,916 units in the same
period last year.
Sales-wise,
the
motorcycle market in the
region declined by 3.2
percent to 3,786,312 units
in the January-May period
this year from 3,909,672
units last year.
Among the five ASEAN
countries that submitted
The Philippines posted the
highest growth among ASEAN
countries in production and sales of
both four and two-wheeled vehicles
in the first five months of the year, as
it outperformed the region’s biggest
motor vehicle producing countries
and markets.
Data
from
the
ASEAN
Automotive Federation showed
the region’s car production in the
January-May period reached a total
of 1,668,286 units or a flat growth
from 1,664,864 units in the same
period last year.
Among the six car producing
countries in ASEAN, the Philippines
posted the highest growth in
production with 61,094 units
produced in the January-May period
this year for an impressive 38.4
percent increase from 44,129 units
in the same period last year.
Thailand, ASEAN’s automotive
production hub, registered a 4.7
percent decrease to 775,523 units
produced from 813,505 units
manufactured in the first five months
last year.
Indonesia, the region’s largest
market, grew by a modest 5.8
percent only to 524,190 units from
495,479 units this year. Malaysia
posted flat growth with production
of 223,139 units.
Vietnam’s production declined
by 6.9 percent to 83,167 units in
the first five months of 2017, from
89,334 units in the same period in
2016.
Coming from a very low base,
Myanmar actually posted the highest
growth in the region in terms of
production. From a mea