Bumpy ride for auto business, including UMW and Tan Chong

Proven record: Customers looking at a Perodua car in a showroom. An observer says Perodua has a sound technical partner in Daihatsu.

PETALING JAYA: With the slowdown in the global economy and weakening of the ringgit, 2015 has been a relatively challenging year for most auto companies.

The slowdown in sales has resulted in many auto players feeling the pinch – which translated into a tight squeeze on margins and thus making the hike in car prices inevitable.