CGS-CIMB says it expects Perodua to extend its dominant market position in 2022 in view of favourable market reception for new launches like the Alza.
PETALING JAYA: CGS-CIMB Securities Sdn Bhd expects total industry volume (TIV) to be lower by 8% in the fourth quarter of 2022 (4Q22) due to macro headwinds which have dampened booking sentiment.
In a note yesterday, it said the softer TIV forecast was in view of delays in component deliveries due to the ongoing chip and component shortages impacting vehicle deliveries in the near term; the higher interest rate environment; and weakening consumer sentiment amid risks of a potential slowdown in the domestic economy.
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