Home to some of the worst traffic jams in the world, the major cities of Southeast Asia would seem to reflect a booming demand for autos. So too would the prominence of the car as a status symbol in Asean, where the lack of four wheels generally means riding a motorbike or packing into a crowded bus. Yet even as rising earnings put meaningful disposable income into the pockets of many regional consumers for the first time, the short-term outlook for auto sales looks anything but smooth — although the long-term trajectory is clearly upward.
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