Cautious outlook for Malaysian auto industry in 2016

UMW Toyota will increase the prices of all its Toyota and Lexus vehicles by 4% to 16% effective January next year due to the weaker ringgit.

KUALA LUMPUR: RHB Research is cautious about the outlook for the auto industry and is Underweight on the sector with the exception of Berjaya Auto of which it has a Buy Call.

It said on Wednesday despite a tough environment for consumer discretionary spending, November’s total industry volume (TIV) held up as consumers brought forward their purchase decisions ahead of anticipated price increases in the new year.