SE ASIA: ASEAN first half sales drop by 22%

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Vehicle sales in the ASEAN's six main markets declined by 21.6% in the first half of 2009 to 844,548 units, with all markets reporting volume declines, writes Tony Pugliese. The region's economies have come under pressure from a sharp drop in export demand - particularly from markets in the West, tighter lending, rising unemployment and weaker domestic confidence. Full story...