PETALING JAYA: Carmakers are expected to post stronger year-on-year (y-o-y) earnings in the first quarter of 2024 (1Q24) as many of them have cleared their order backlogs, says RHB Research.
However, weaker quarter-on-quarter (q-o-q) earnings due to seasonality is expected, on top of a softer total industry volume (TIV) y-o-y.
