RAYONG, Thailand - Car sales in China and Europe may be slowing down, but Southeast Asia is on a tear.
Ford Motor Co. said Friday that industry-wide sales are up 20 per cent so far this year in the ASEAN region, which comprises Thailand, Indonesia, Vietnam, the Philippines and Malaysia. That's double the pace of sales increases in China and the U.S. in July.
Thailand, which is seeing a spike in sales as the country recovers from last year's flooding, is up 40 per cent, said Matt Bradley, the president of Ford's ASEAN region.
Bradley said Ford expects ASEAN to make up an increasing part of its Asian sales over the coming years as incomes rise and more people can buy cars.