Macroeconomic determinants of car sales in ASEAN / Nor Syifaa Izzati Ramli

This study investigates the relationship between car sales and macroeconomic variables in ASEAN. This research covers 5 ASEAN countries (Malaysia, Thailand, Vietnam, Philippines and Brunei) and the total sample is 10 years covers from 2010-2019. The macroeconomic variables used in this study are inflation rate and unemployment rate. The objective of this study is to determine the factors that affecting the number of car sales and to identify the most significant factors of independent variables with dependent variable. In order to achieve the objective, the study used secondary data and it analyzed by using descriptive analysis, correlation analysis, and regression analysis. The result of the study shows the inflation rate has significant and negative relationship with car sales meanwhile unemployment does not significant with car sales in ASEAN. The findings in this research were consistent with the previous findings by some researchers.