CIMB Thai bank has raised alarms over potential loan defaults brought on by plummeting resale values due to ongoing new car price wars in the Kingdom. New car sales in Thailand have dropped dramatically, shrinking by 23.8 percent in the first 5 months of 2024 compared to the same period last year, marking the most significant decline in 15 years. Car brands have responded to this downturn by slashing prices to attract buyers, leading to fierce price wars. However, this strategy will have a detri

Arvind

Jul 9, 2024

During the first half of 2024, BYD managed to inch its way into the top 10 best-selling car brands in Malaysia. Placing in tenth place with 4,368 units, the Chinese battery electric vehicle (BEV) maker is also Malaysia’s best-selling BEV brand for the year so far. But what about the main hero when it comes to BEVs? Well, Tesla doesn’t publish sales data for individual markets but a quick look at the Road Transport Department’s (JPJ) registration data shows that even though the American BEV maker

CY Foong

Jul 9, 2024

The Honda HR-V is proving to be an insurmountable challenge to its nearest rivals as it leads Malaysia's sub-compact SUV category in the first half of the year (H1 2024), according to registration data released by the Road Transport Department. To date, Honda has moved 10,803 units of the HR-V, qualifying it to be among the top-10 best-selling cars in Malaysia so far, eclipsing the Toyota Corolla Cross, Proton X50, and Chery Omoda 5. Sales of the HR-V was at its highest in March 2024, with 2,550

Sanjay

Jul 9, 2024

Porsche remains committed to its electrification timeline despite a recent decline in demand for battery-electric vehicles (BEVs), Automotive News Europe reports. Albrecht Reimold, Porsche’s executive board member, said that the internal combustion engine (ICE) Porsche Macan will cease production for non-European markets by 2026 as the platform has reached the end of its cycle. The halt in production of ICE Macans for European Union markets has already taken place, driven by the new EU cybersecu

Shaun

Jul 9, 2024

The 1-on-1 fight between the Toyota Vios and Honda City shows no sign of letting up as the latter has managed to stage a sales comeback after falling behind its rival since March 2024, as shown by JPJ's data. Honda shifted 2,661 units of the sedan in June 2024, 500 units above the Vios' 2,161 cars. It's also a new monthly record for Honda, with June's figure being the most they've sold thus far this year. Comparitively, the Vios' best month was in March 2024, where it peaked with 3,119 units sol

Sanjay

Jul 9, 2024