FTCR’s first quarter survey of the Asean auto market indicates healthy demand for the rest of the year across the region’s largest five economies. Our Auto Purchase Index, which measures the six-month outlook for auto sales, ticked upwards in Indonesia and Thailand and showed small declines for Malaysia, the Philippines and Vietnam.

The FTCR Motorcycle Purchase Index fell in four of the five countries with only Malaysia posting a slight increase. Region-wide, we expect sales to contract this year, primarily due to the sluggish market in Indonesia, which accounted for half of all sales in the Asean 5 at the end of 2016. Compared with the auto market, which continues to see many first-time buyers as the Asean consumer class expands, the motorcycle market is relatively saturated.

The FTCR Asean Auto Purchase survey is based on interviews with 5,000 consumers in Indonesia, Malaysia, the Philippines, Thailand and Vietnam.