After concluding H1 2025 with growth of 3% YoY, the ASEAN LV market began H2 with a decline of 1% YoY, primarily driven by negative sales results in Indonesia, Malaysia, and the Philippines. Source: GlobalData In Indonesia, LV sales dropped by 17% YoY in July, while recent data indicates that demand continued to fall by 19% YoY in August, marking the fourth consecutive month of double-digit declines. This contributed to an overall decrease of 10% YoY across January-August as a whole. A similar trajector ...