New vehicle sales in the Asia-
Sales in China expanded by 14% to over 28 million units last year, driven by small-
New vehicle sales in India also continued to grow strongly in 2016, driven by declining interest rates and strong domestic economic growth. Full-
Vehicle sales and forecasts* in Asia, 2014-
Sales in Thailand declined by 3.9% last year, with a weak fourth quarter more than offsetting moderate growth earlier in the year. The market is expected to resume its recovery this year as economic growth picks up. Sales in Malaysia on the other hand declined by over 13% last year on slower economic growth and just a weak rebound is expected this year.
Strong economic growth continued to lift South-
Asia Motor Business expects vehicle sales in the region to drift lower in 2017, mainly due to as slightly lower sales in China after market incentives are removed. Elsewhere, market performances are expected to be mixed, with most markets in South-
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