Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News Honda Continues To Dominate, But Weak Ringgit and GST Weighing Down Market Honda Continues To Dominate, But Weak Ringgit and GST Weighing Down Market Auto News Hans | August 03, 2015 04:13 pm Honda Malaysia ended the first half of 2015 by selling 43,597 cars – 17 percent higher than the same period in 2014, making it the best-selling non-national brand in Malaysia.As of June 2015, Honda’s market share in Malaysia’s new vehicle market stood at 13.5 percent, 2.3 percent higher than the same period last year.Honda says it is on track to meet its annual sales target of 85,000 cars for 2015.The company adds that nearly all of the company’s models are best-sellers in their respective segments – the City, Jazz, HR-V, CR-V and Accord lead the B-sedan, B-hatchback, crossover, SUV and D-segment respectively.The City remains the company’s best-seller, contributing 41 percent of Honda Malaysia’s sales, followed by the Jazz at 19 percent and the HR-V at 17 percent.Earlier this year, Honda Malaysia announced that the company will be expanding its presence in East Malaysia, and had recently setup an East Malaysia Centralized Distribution Centre logistics hub to support Honda dealers in Sabah and Sarawak.The first six months of 2015 saw Honda’s sales in East Malaysia increased by 32 percent over the same period last year.By 2016, Honda Malaysia aims to increase its annual sales to 100,000 cars, aided by an expanded network of 90 dealers (up from the current 82 dealers).Challenging Market Conditions AheadAmidst the stellar results, Honda Malaysia’s outlook for the rest of the year is mildly pessimistic. The company is revising its forecast for Malaysia’s new vehicle sales for 2015 downwards by 3.9 percent to 670,000 units, down from the 697,000 forecasted earlier this year.Honda says the reduction was due to the weakening Ringgit, implementation of Goods and Services Tax (GST) and petrol price fluctuation that have caused weak market sentiment.However the company is maintaining its target of securing a 12 percent market share and 85,000 annual sales by the end of 2015. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Honda Print Related News All-New 2016 Honda Civic Previewed - Epic Civic! Auto News Hans | June 30, 2015 After lumbering along several years with an underwhelming ninth generation Civic, Honda has wow-ed the crowd at this morning's opening of the New ... Ferdinand Piech: The VW-Porsche Scion Who Admired Honda Insights Hans | June 30, 2015 By now, you would have the learned that Dr. Ferdinad Piech, the grandson of Ferdinand Porsche and one of Germany's most brilliant engineers, has been ... Honda Revamps Quality Processes – Reaffirms Commitment To 120 Percent Product Quality Auto News Hans | July 01, 2015 Despite best efforts by car companies, quality issues are bound to happen from time to time. The sheer complexity of a modern day car, with their ... Watch This Brilliant Honda “Paper” Commercial Auto News Hans | September 21, 2015 Yet another fantastic TV commercial from Honda! This two-minute long TV commercial by American Honda Motor Co. will debut in the US today during the ... Comments
Honda Continues To Dominate, But Weak Ringgit and GST Weighing Down Market Auto News Hans | August 03, 2015 04:13 pm Honda Malaysia ended the first half of 2015 by selling 43,597 cars – 17 percent higher than the same period in 2014, making it the best-selling non-national brand in Malaysia.As of June 2015, Honda’s market share in Malaysia’s new vehicle market stood at 13.5 percent, 2.3 percent higher than the same period last year.Honda says it is on track to meet its annual sales target of 85,000 cars for 2015.The company adds that nearly all of the company’s models are best-sellers in their respective segments – the City, Jazz, HR-V, CR-V and Accord lead the B-sedan, B-hatchback, crossover, SUV and D-segment respectively.The City remains the company’s best-seller, contributing 41 percent of Honda Malaysia’s sales, followed by the Jazz at 19 percent and the HR-V at 17 percent.Earlier this year, Honda Malaysia announced that the company will be expanding its presence in East Malaysia, and had recently setup an East Malaysia Centralized Distribution Centre logistics hub to support Honda dealers in Sabah and Sarawak.The first six months of 2015 saw Honda’s sales in East Malaysia increased by 32 percent over the same period last year.By 2016, Honda Malaysia aims to increase its annual sales to 100,000 cars, aided by an expanded network of 90 dealers (up from the current 82 dealers).Challenging Market Conditions AheadAmidst the stellar results, Honda Malaysia’s outlook for the rest of the year is mildly pessimistic. The company is revising its forecast for Malaysia’s new vehicle sales for 2015 downwards by 3.9 percent to 670,000 units, down from the 697,000 forecasted earlier this year.Honda says the reduction was due to the weakening Ringgit, implementation of Goods and Services Tax (GST) and petrol price fluctuation that have caused weak market sentiment.However the company is maintaining its target of securing a 12 percent market share and 85,000 annual sales by the end of 2015. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Honda
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
All-New 2016 Honda Civic Previewed - Epic Civic! Auto News Hans | June 30, 2015 After lumbering along several years with an underwhelming ninth generation Civic, Honda has wow-ed the crowd at this morning's opening of the New ...
Ferdinand Piech: The VW-Porsche Scion Who Admired Honda Insights Hans | June 30, 2015 By now, you would have the learned that Dr. Ferdinad Piech, the grandson of Ferdinand Porsche and one of Germany's most brilliant engineers, has been ...
Honda Revamps Quality Processes – Reaffirms Commitment To 120 Percent Product Quality Auto News Hans | July 01, 2015 Despite best efforts by car companies, quality issues are bound to happen from time to time. The sheer complexity of a modern day car, with their ...
Watch This Brilliant Honda “Paper” Commercial Auto News Hans | September 21, 2015 Yet another fantastic TV commercial from Honda! This two-minute long TV commercial by American Honda Motor Co. will debut in the US today during the ...