Kenanga Research maintains its total industry volume projection of 740,000 units (minus 8% year-on-year) for 2024.
PETALING JAYA: The automotive industry’s earnings visibility remains good as it is backed by a booking backlog of 200,000 units as at end-May 2024.
More than half of the backlog is made up of new models, alluding to the appeal of new models to car buyers.
