It expects total industry volume to normalise to 600,000-650,000 units next year.
Lower-priced models like the Perodua Myvi and Axia were among the main purchases in the past two years, says RHB Research.
“Our 725,000 TIV forecast for 2023 implies a four-year average annual TIV of 621,000 units, which is largely in line with the 10-year pre-pandemic average of 618,000 units,” it said in a note today. The research house also said that these numbers suggest that vehicle purchases for the past two years were mainly for lower-priced models like the Perodua Myvi and Axia, as well as Proton Saga.Key downside risks include softer-than-expected orders and deliveries, as well as resurgent supply chain issues,” it said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Terima komisen RM4,000 sehingga RM8,000 cari mangsa untuk melaburTerima komisen RM4,000 sehingga RM8,000 cari mangsa untuk melabur
Read more »
Belanjawan 2024: KBS mohon pelepasan cukai yuran latihanKementerian Belia dan Sukan (KBS) berharap pengecualian cukai terhadap yuran latihan dalam aktiviti pembangunan sukan diberikan keutamaan
Read more »
Budget 2024: Rural areas will not be left behind under, says Ahmad ZahidTHE winner of the recent Miss Asia Pageant Malaysia 2023 will retain her crown after pageant organisers claimed there was not enough evidence to conclude that she was a “bully” after her accusers declined to step forward and provide proof, reported Sin Chew Daily.
Read more »
Belanjawan 2024: Gapena harap peruntukan besar pembangunan Bahasa MelayuGapena turut mencadangkan mewujudkan kerusi Bahasa Melayu di universiti terpilih.
Read more »
Nadal poised for return at the 2024 Australian OpenThe 37-year-old has not competed since his second round exit from the same tournament this year.
Read more »
MOSTI bangun kod etika, tadbir urus AI yang dijangka siap 2024KUALA LUMPUR: Kementerian Sains, Teknologi dan Inovasi (MOSTI) dengan kerjasama Universiti Teknologi Malaysia, wakil agensi kerajaan, institusi pengaj...
Read more »