ASEAN economy expanded 4.9% in the third quarter of 2018, buttressed by strong domestic demand. However, this still marks a loss of momentum from the second quarter’s 5.2% expansion.
After Singapore and Vietnam released GDP readings in October, this month it was the turn of regional heavyweight Indonesia, which accounts for over a third of ASEAN’s nominal GDP. Indonesia’s economy grew at a solid pace in Q3 thanks to buoyant private consumption—boosted by employment growth and mild inflation—and expansions in government consumption and fixed investment. The external sector, however, continued to drag on the economy on surging imports.
Growth in the Philippines moderated in Q3, although it remained the envy of most other economies in the region. The intensification of price pressures took the edge off private consumption growth, while the government’s infrastructure drive—despite buoying fixed investment—sucked in imports, leading to a negative contribution from the external sector.
The ranking of best selling cars in the region is provided aggregating sales data from Thailand, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Laos, Myanmar and Cambodia.
In the first ten months of 2018 on top of the list there was again the former leader, the Toyota Hilux, produced in Thailand, with 152.054 sales (+24.9%) with a narrow gap over the second, the Isuzu D-Max, produced in Thailand as well, with 134.902 sales (+11.9%)
Third was the model leader in Malaysia, the Perodua Axia with 89.373 sales (+33.0%) followed by the Toyota Vios with 82.866 units (-11.3%), the traditional leader in Indonesia (but not this year) and the MPV Toyota Avanza with 81.188 (-29.0%)
A new star landed in sixth place, the Mitsubishi Xpander, already on top in Indonesia, with 77.688 sales.
In seventh place the Honda City with 74.862 (+2.3%) ahead of the Toyota Innova with 73.750 (-11.2%), the Honda HR-V with 71.374 (-6.7%) and in 10th place the Ford Ranger with 66.934 (+11.1%).
Source : Focus2move.com