Economics
Indonesia Seen Beating Thailand in Auto Sales: Chart of the Day
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Indonesia is poised to overtake Thailand as Southeast Asia’s biggest car market for the first time since 2011 as the region’s most-populous nation delivers faster economic growth and greater political stability.
The CHART OF THE DAY compares monthly automotive sales for the region’s two biggest markets starting from 2009. Indonesian sales will total about 1.2 million in 2014, versus 1 million in Thailand, said Tim Zimmerman, the Singapore-based president of Southeast Asia operations for General Motors Co., the world’s second-biggest carmaker. Vehicle sales in Indonesia rose 6.6 percent in the first half, while they slumped 40 percent in Thailand, according to data compiled by Bloomberg.