Tag: car sales
Bhutan's booming car sales may impact efforts to preserve its rare status as a carbon-negative country – and an increase in traffic is testing the good humour of its citizens.
Ambank Research says car sales are within the projection of 603,000 units for 2019 but challenges lie ahead.
The strong sales are driven by its latest model Proton X70.
Local cars expected to do well this year, says Ambank Research.
The persisting slump leaves carmakers with few places to go for sales growth.
The fifth straight decline in monthly numbers comes against a backdrop of slowing economic growth and a crippling China-US trade war.
Consumers are getting more cautious about spending on big-ticket items as China’s economy slows, hitting a car market led by Volkswagen AG and General Motors Co.
Look out for a sharp and continuous increase in house prices, the number of affordable housing choices, and the number of Non-Performing Loans in the country.
VW has warned that production of up to 250,000 cars will be delayed as it struggles to adapt its vehicles to a new anti-pollution test, the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP).
They prefer to hang on to their old ones as they try to cope with the rising cost of living.
Pointing to car sales figures, Ong Kian Ming says economy may be growing but ordinary Malaysians are still struggling with the cost of living as the benefits do not come to them.
The Malaysian Automotive Association says strict lending guidelines and the popularity of ride-hailing services will continue to impact car sales this year.
Proton Holdings wants one-stop dealership cum service centres to improve buyer experience, but some smaller dealers are finding it difficult to comply.
Car companies require new vehicles to be registered by Dec 31 for buyers to enjoy discounts and rebates, reports The Star.
The auto sector is likely to miss its target of 590,000 vehicle sales for this year, says Malaysian Automotive Association.
Malaysia Automotive Institute says increased sales reflect returning confidence of customers.
Government considering allowing others also to carry out computerised vehicle inspections in preparation for policy to replace old cars on the road.
Salesmen shrug off the recent increase in petrol prices as irrelevant to their trade.
Approved permit (AP) holders say it is unfair and is also a financial burden on them given the current economic situation.
Car dealers are telling prospective buyers that now is the best time to get a new car because prices may shoot up soon with the weakening ringgit.
Malaysian Automotive Association still optimistic about the local vehicle sales market, with November showing slight increase compared with October.
Instead of possibly intervening to prop up car sales, the government should work to increase the people's use of public transport services, says economist.
Malaysia Automotive Association says vehicle sales down by almost 25 per cent for the first quarter of this year against the same period last year.