BANGKOK — New-vehicle sales in Southeast Asia plummeted 40% on the year in March, the biggest monthly drop-off in the past decade, data compiled by Nikkei finds.
Automakers sold only 196,802 vehicles in six of the region’s leading markets that month as the coronavirus pandemic undercut both demand and consumer outings.
Because Southeast Asian auto production essentially ground to a halt last month, sales in April likely fell by an even wider margin than in March.
In Thailand, one of the region’s biggest markets, sales plunged 42% to 60,105 vehicles in March. Many Thais have seen their income decline after