After concluding the H1 2025 with a 3% year -on -year growth, the ASEAN LV market began H2 with a 1% year -on -year decrease, mainly driven by negative sales results in Indonesia, Malaysia and the Philippines.
In IndonesiaLV sales fell 17% year -on -year in July, while recent data indicate that demand continued to fall by 19% year -on -year in August, marking the fourth consecutive month of two -digit decreases. This contributed to a general reduction of 10% year-on-year in January-August as a whole. It is likely to be a similar career in September, with the planned sales that will continue to fall due to national protests from the end of August to the beginning of September. Although the protests have ended temporarily after the reorganization of the president’s cabinet and the acceptance of the demands of the protesters, known as “demands of 17+8”, these events have increased political uncertainty and probably will hinder the volumes of the VI.
As such, the sales perspective for Indonesia has been reviewed downward in the long term due to: a) political uncertainty and the possibility of protest recurrence; b) The Indonesian bank informs a decrease in consumer income, while debt payments have increased, which implies a reduced expense and purchasing power; yc) uncertainty around new capital projects after the current president reduced the budget for these initiatives, which can lead to his scale or a complete cancellation. As a result, it is projected that the volumes of 2025 Indonesia are found in 720k units, the lowest annual total observed in 15 years, except 2020 during the COVID-19 pandemic.
In MalaysiaLV sales fell by 2% year-on-year in July, although the real total reached 71k units, which is significantly higher than the monthly average for January-July of 2025, of 64k units. According to registration data, August sales increased by 3% year -on -year and 5% of MOM to 75K units, marking the total monthly sales for the year so far, followed by 73K units in March and 71K units in July. The growth in August was largely driven by the delivery of newly launched models of Chinese brands, particularly the Byd Atto 2, Chery Tiggo Cross and omoda C9, as well as new presentations of the national brand, including the Proton Emas7 BEV and the improved X50. In addition, current price reductions have stimulated sales of new vehicles.
The LV sales perspective of Malaysia by 2025 has been reviewed slightly 790k units, due to the strongest performance than expected in August. In addition, it is likely that the fourth quarter of 2025 will see an impulse as consumers hurry to buy before price increases occur in 2026; The government is ready to change the tax calculation methodology, called open market value (OMV), which will increase the prices of the models produced locally. OMV was initially planned for implementation in January 2020, but has been postponed until January 2026. In addition, the exemption of imported bev will expire in December 2025.
(Tagstotranslate) Globaldata
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