Mexican Media Brands
Car Sales Climb for Malaysian Brands
Malaysia’s biggest domestic carmaker is raising its full-year sales forecast after posting a 4% gain in the first half of 2019.
#economics
Share
Malaysia’s biggest domestic carmaker is raising its full-year sales forecast after posting a 4% gain in the first half of 2019.
Market leader Perodua (Perusahaan Otomobil Kedua) says its domestic sales in January-June rose to 121,800 units from 117,100 in the same period last year. The company has raised its full-year forecast by 2% to 235,000 units, compared with 227,200 cars in 2018.
Malaysia’s Proton Holdings (Perusahaan Otomobil Nasional) reports that its first-half sales surged 61% to a four-year high of 43,700 cars.
Perodua and Proton, which dominated the Malaysian car sales for years, still control more than half the market. But their share has been eroded by well-equipped imports from Japan.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.