Preliminary Results of Asia’s Automobile Sales, Production and Exports in 2024

Automobile sales in Asia (13 countries [see table below] excluding Japan and China) decreased by 1.2% from the previous year in 2024. It is the first decline in four years, but market scale remained at a high level of 10.75 million units, exceeding 10 million units for the third consecutive year. In South Asia, India continued to set a record high, while Pakistan’s market underwent significant improvement. In ASEAN, sales were below the previous year’s results in Thailand and Indonesia but reached historic high level in Malaysia. In addition, sales recovered in Vietnam and continued to expand in the Philippines. In East Asia, the overall picture was bleak, with both South Korea and Taiwan experienced shrinking sales.