While everybody has their eyes on China and possibly India, the car market in smaller South East Asian countries is exploding right below the RADAR screen. By themselves, car sales in a country like Vietnam don’t seem to amount to much. Now, go to the trouble and add a few South East Asian countries together. The Nikkei [sub] did and notes to its amazement that the car market in Thailand, Indonesia, Malaysia, the Philippines, Vietnam and Singapore jumped 21 percent in the first half year to 1.6 million units.
Now why would The Nikkei be so excited about this? (Read More…)