Thailand
Brunei: Auto sales log 5.4pc growth in first four months
SALES of vehicles in Brunei Darussalam over the past four months (January to April) this year have risen compared to the same period in 2018.
Automobile sales jumped 5.4 per cent to 3,764 units from 3,571 units, according to data from the ASEAN Automotive Federation.
The month of January recorded the highest number of car sales with 1,053 units sold, followed by March with 1,039 units, April with 869 units, and February with 803 units.
Indonesia experienced a contraction of 14.3 per cent with 337,893 units sold from January to April, while Malaysia registered six per cent growth with 193,028 units sold.
There was 49.8 per cent growth in Myanmar with 5,574 units sold, 20.3 per cent growth in Singapore with 33,702 units sold, 10.5 per cent growth in Thailand with 349,625 units sold, while in Vietnam, there was 23 per cent growth with 99,247 units sold. No figures were available for the Philippines.
Last year, there was a 0.2 per cent growth in car sales in Brunei with 11,226 units sold compared to 11,209 units in 2017. In 2016, 13,248 units were sold, while in 2015, 14,406 units were moved from showrooms.
In April this year, the Autoriti Monetari Brunei Darussalam (AMBD) said, Brunei Darussalam saw a decline in the number of accounts for new vehicle financing in 2018 by 15.9 per cent year-on-year, while a rise of 14.6 per cent year-on-year was observed for used vehicle financing.
In terms of value, the total amount of used car financing surged by 62.3 per cent year-on-year from BND113.2 million to BND183.8 million, suggesting a shift in consumers’ preference from new to used cars.
Source: https://borneobulletin.com.bn/auto-sales-log-5-4pc-growth-in-first-four-months/