Thailand’s new vehicle market expanded by over 5% to 47,622 units in August 2025 from depressed year-earlier sales of 45,190 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). August was the fifth consecutive month of growth for the market, after two years of sharp declines, as the country’s highly indebted consumers and small businesses struggled to access vehicle financing after local banks tightened lending rules. The Bank of Thailand has cut its benchmar ...

Group 1: Vehicle Sales Performance - New vehicle sales in Indonesia declined by 19% in August 2025, totaling 61,780 units compared to 76,302 units in August 2024 [1] - In the first eight months of 2025, the vehicle market shrank by 11% year-on-year to 500,951 units, following a 17% decline to 560,552 units in the same period last year [3] - Sales of light passenger vehicles fell by 11% to 387,110 units, while commercial vehicle sales declined by 9% to 113,841 units [3] Group 2: Market Dynamics - Market sentiment has weakened significantly, with fewer consumers making large purchases despite economic growth accelerating to 5.1% year-on-year in Q2 2025 [2] - Bank Indonesia cut its benchmark interest rate by 25 basis points to 5.00% in August, down from a peak of 6.25% a year earlier, to stimulate consumer spending [2] Group 3: Competitive Landscape - Japanese automakers face increased pressure from the growing presence of Chinese brands, particularly in the battery electric vehicle (BEV) segment [4] - BEV sales surged threefold to 53,100 units in the first eight months of 2025, with BYD and its Denza brand leading with 25,537 units [4] Group 4: Production and Exports - Overall vehicle production in Indonesia fell by over 3% year-to-date to 757,220 units, despite a 12% rise in exports of fully-assembled vehicles to 335,063 units [5]

However, Europe's EV sector has seen an uptick in sales since the start of 2025. GlobalData research identified that by July, EU and UK BEV sales were up 30% year on year (YoY). Bedwell explains that “incentives have come back a bit, but the main reason is ‘push’ factors from OEMs – more affordable BEVs with attractive lease deals in response to the CO₂ target”.A lack of new models across the market coincided with a period of fewer incentives for buyers, as many European governments ended subsidies on BEVs. ...