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KUKA robotic arms assembling vehicle body structure on modern automotive production line with automated welding systems

Thailand’s Auto Industry Hits 14-Year Low Amid Economic Woes

Economic Strain and Shifting Consumer Behavior Drive Record Low Production Levels Thailand's automotive industry is facing a significant downturn, with production expected to plummet to a 14-year low in 2024,…..

22 July 2024

Analysis

Car Production in Southeast Asia: Regional Leaders and Trends

Examining the Diverse Automotive Manufacturing Capacities Across the Region Southeast Asia has emerged as a significant player in the global automotive industry, with several countries establishing themselves as key production…..

22 July 2024

Toyota Prius in vibrant yellow color showcasing sleek aerodynamic design with black panoramic roof and sport alloy wheels

Analysis

Toyota’s Hybrid Strategy in Indonesia: GIIAS 2024 Highlights

Toyota's Green Strategy: Indonesian Consumer Response Toyota is actively promoting hybrid vehicles to safeguard its market share in Indonesia, especially at the Gaikindo Indonesia International Auto Show (GIIAS) 2024. The…..

18 July 2024

Large cargo vessel at port terminal with rows of new vehicles ready for export, including white, red, and blue electric SUVs

Analysis

China’s EV Exports Decline: Key Factors Behind the Slowdown

China's EV Export Slowdown: Market Forces Explained China's electric vehicle (EV) exports experienced a significant decline in June 2024, falling by 13.2% compared to the previous month. This marks the…..

18 July 2024

GAC GS3 white SUV on display against blue background with distinctive front grille design and LED headlights

Analysis

Philippine Auto Sales Growth: Key Drivers and Trends in 2024

Philippine Automotive Market: Economic Recovery and Trends The automotive market in the Philippines has shown robust growth in June 2024, continuing a positive trend that has characterized the first half…..

17 July 2024

Speaker at AMCHAM Thailand podium discussing US-Thai trade relations and future economic outlook

Analysis

Trump’s Return: Impact on Thai-US Trade and Automotive Sector

Navigating Uncertainty: Assessing Trade Dynamics in a Potential Trump Comeback The upcoming US presidential election in November 2024 could significantly impact global trade dynamics, with potential consequences for Thailand's economy.…..

17 July 2024

Line graph illustrating Indonesia's interest rate from 2020 to 2024, showing a decrease followed by a significant increase.

Analysis

Indonesia’s Auto Market Faces 11.8% Sales Decline in June 2024

Economic Challenges and High Interest Rates Contribute to Decline The Indonesian automotive industry faced another challenging month as car sales continued to decline in June 2024. According to the latest…..

16 July 2024

White Honda Accord Gen 11 e:HEV with 'All-new Accord' and 'Honda Sensing' displayed in the background.

Analysis

Honda Accord vs D-Segment Rivals: Thailand Market Analysis

Market Share Shifts and Competitive Landscape in Thailand's Premium Sedan Segment Upon reviewing the sales data for D-segment cars in Thailand, we can assess the performance of the Honda Accord…..

16 July 2024

Chart showing the percentage change in Thailand's consumer confidence from July 2023 to May 2024, with a trend line indicating a decrease over time.

Analysis

Thailand’s Declining Consumer Confidence: Impact on Auto Market

Weakening Economic Sentiment and High Household Debt Pose Challenges for Thai Auto Industry In June 2024, Thailand's consumer confidence reached a nine-month low, continuing a downward trend observed over the…..

12 July 2024

Line graph illustrating total vehicle sales in Thailand from 2020 to 2024, showing fluctuations and a recent decline in sales.

Analysis

Stricter Auto Loan Criteria Driving Thailand’s Car Sales Decline

Financial Tightening Leads to Double-Digit Sales Decline and Industry-Wide Ripple Effects The automotive market in Thailand is experiencing a significant downturn due to the stricter criteria for auto loans, resulting…..

12 July 2024