Car ownership in M’sia third highest in the world: Nielsen

KUALA LUMPUR: Car ownership in South-East Asian markets may be among the world’s lowest – except in Malaysia which places third globally – but purchase intent is the highest here, and the region is expected to drive much of the world’s automotive demand in the next few years, says Nielsen.

The Nielsen Global Survey of Automotive Demand found car ownership is relatively low across South-East Asia: 47% of Filipino households do not own a car, and the figure is 46% for Indonesian households.