Slower sales on the cards for automakers


BIMB Research said near-term sales will be supported by new launches and the rollout of new electric vehicles.

PETALING JAYA: Even as vehicle sales are expected to fall this year, automotive players in Malaysia also face price competition from China brands that will weigh on margins, analysts say.

BIMB Research, which is “neutral” on the automotive sector, said in a note that tighter financing and affordability challenges will also hit margins.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Golden Destinations eyes RM90mil from ACE market IPO, to allocate RM50mil for new HQ
Philippine central bank holds rate at 4.25% as inflation risks rise
CIMB named best retail, SME bank in Malaysia by The Asian Banker
Stocks slide, oil gains with Mideast ceasefire prospects centre stage
Fresh growth opportunities open for MNCs
George Kent redeems RM132mil sukuk
Aemulus wins RM10.5mil order, marks debut in India
ICT Zone Asia secures RM24.5mil ICT hardware purchase order
FBM KLCI remains steady amid choppy trading
China's yuan edges down as dollar gains; investors watch Iran war talks

Others Also Read