UMW Toyota Motor Continues Strong Sales Performance
UMW Toyota Motor Sdn Bhd (UMWT) continues its impressive performance, achieving sales of nearly 8,400 units in November 2024. This brings the total sales for the year to approximately 89,500 units. The Toyota Vios, Hilux, and Yaris were key contributors to Toyota’s sales in November, highlighting the brand’s continued appeal in Malaysia’s automotive market. Consumers […]
Stellantis Blames Ineffective Marketing for Bad Maserati Sales
Maserati’s recent struggles, as highlighted in Stellantis’ half-year report, point to a sharp decline in sales, with customer deliveries plummeting from 15,300 units in the first half of 2023 to just 6,500 by June 2024. Carlos Tavares, CEO of Stellantis, attributed this worrying sales drop to ineffective marketing rather than issues with Maserati’s products or […]
Thailand’s Car Sales Hit by Economic Slowdown and Household Debt
Domestic car sales in Thailand took a sharp dive in July 2024, registering a year-on-year decrease of 20.5%, according to the Federation of Thai Industries (FTI). The significant drop, which saw sales volumes fall to 46,394 units, is largely attributed to the country’s sluggish economic growth and mounting household debt. The decline in car sales […]
Significant Profit Decline Among Major European Car Manufacturers for the First Half of 2024
Five of Europe’s largest car manufacturers recently reported a significant decline in profits for the first half of 2024. This drop is attributed to several key factors, including weak demand for electric vehicles (EVs), cost competition from Chinese manufacturers, and rising research and development (R&D) expenses. Volkswagen Faces Major Challenges Volkswagen’s CEO, Oliver Blume, highlighted […]
Stellantis Eyes Major Decisions as Maserati Struggles
Stellantis, the multinational automotive conglomerate, is evaluating cost-cutting measures that could include the discontinuation of underperforming brands. This is especially relevant for Maserati, which has faced significant challenges recently. Here’s a detailed breakdown: Current Situation Sales Decline: Maserati’s global sales have plummeted by 50% year-over-year, dropping from 15,300 units in the first half of 2023 […]
BYD Expands Lead Over Tesla in Singapore, Eyes Southeast Asia Dominance
Chinese electric vehicle (EV) manufacturer BYD has widened its sales lead over Tesla in Singapore during the first half of this year, according to government data. This development highlights the competitive challenge Tesla faces from Chinese rivals in the global EV market. Strong Growth in Singapore BYD’s robust performance in Singapore, a relatively small but […]
2024 Proton X50 To Boost Production, Over 8,000 Bookings In First Month
Proton has announced that the newly-launched 2024 Proton X50 has received an overwhelming response, amassing a total of 8,000 bookings within just one month since its debut in June. This positive demand has far exceeded our expectations, setting a new benchmark for its segment. Since its original debut in 2020, the Proton X50 has been […]
Volvo Cars Reports Record Operating Profit for Q2 2024
Volvo Cars has reported an impressive operating profit (EBIT), excluding joint ventures and associates, of SEK (Swedish Krona) 8.2 billion for the second quarter of 2024. This figure represents the highest quarterly profit in the company’s history and marks a 28% increase compared to the same period in 2023. Core EBIT Margin and Profitability The […]
UMW Toyota Motor’s June 2024 Sales Surge with 7,600 Units Sold
UMW Toyota Motor Sdn Bhd (UMWT) concluded June 2024 on a high note with a monthly sale of 7,600 units. This achievement propels the year-to-date sales to 47,000 units, showcasing the company’s robust initiatives and successful customer-centric promotions. UMWT’s dedication to providing innovative mobility solutions and engaging in broader community initiatives is evident in this […]
Diesel Vehicle Sales Anticipated to Drop by 50%
The sales of diesel vehicles, particularly pickup trucks, are anticipated to drop by over 50% due to the introduction of floating fuel prices. Used car sales advisor Khairil Anwar Jaafar, 45, noted a significant slowdown in sales over the past month, with potential buyers adopting a wait-and-see approach. As a result, Khairil’s company has decided […]