Industry Data

ASEAN 2024 sales projected to marginally increase with a lower sales outlook in Malaysia

ASEAN 2024 light vehicle sales forecast to increase 1%, according to GlobalData

February 20, 2024

Even if ASEAN Light Vehicle (LV) sales started 2023 with positive sales growth in Q1 2023 (+3% YoY), the full-year sales number dropped 1% YoY in 2023 due to the negative sales results during the rest of the year; Q2 (-1% YoY), Q3 (-3% YoY) and Q4 (-3% YoY).

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