2024 KIA EV9 launched in Malaysia from RM369k - GT-Line, 2 variants, 505km range, your choice of 6 or 7 seats
Neta L unveiled in China with new Snapdragon Ride Flex Fusion Platform - REEV with over 1,000km range!
Home News Auto News Honda Malaysia Forecasts Negative Growth For 2016 Honda Malaysia Forecasts Negative Growth For 2016 Auto News Hans | March 11, 2016 03:27 pm Honda Malaysia expects Malaysia’s new car sales to contract by 4 to 5 percent in 2016, citing economic pressures affecting Malaysia - falling crude oil prices and depreciation of the Malaysian Ringgit are the two main reasons.The leading non-national brand in country is forecasting 2016’s total industry volume to drop from last year’s 666,674 units to between 630,000 and 640,000 units.In response, Honda Malaysia is also forecasting a slight drop in its sales this year, from 94,902 units registered in 2015 to just 90,000 units for 2016.While 2015 was challenging, it was also a record breaking year for Honda Malaysia, registering its highest annual sales ever – 94,902 units, the highest in the company’s 16-year history, overtaking Toyota's 93,760 units. The 10,741 units registered in December 2015 was also the highest monthly sales recorded by the company. “2015 was a challenging year for the Malaysian Automotive Industry as we experienced economic slowdown due to the weakening of Malaysian Ringgit, Goods and Services Tax (GST) implementation and drop in oil price. The Total Industry Volume (TIV) in Malaysia was at 666,674 units which was almost flat from the previous year. Despite the tough and competitive market situation, Honda could still generate great results and 2015 became the most memorable year for Honda Malaysia,” said Managing Director and Chief Executive Officer of Honda Malaysia Mr. Yoichiro Ueno at a media event yesterday.“Moving forward in 2016, Honda has set the sales target at 90,000 units. This is despite a forecasted decrease in TIV of between 4% to 5% or a total 630,000 to 640,000 units for 2016 due to the economic pressures, fall in crude oil price and depreciation of the Malaysian Ringgit. Despite a drop in total TIV in the first two months of 2016, Honda would like to maintain this target to obtain a strong presence in Malaysia,” he added.Ueno also elaborated on Honda Malaysia's plan to increase the coverage of its sales and after-sales network.“Our focus is to continue to achieve highest customer satisfaction by enhancing the Honda brand and creating excellent customer experiences. We will increase our dealerships and Body and Paint (BP) Centres to reach and serve more customers across the nation. We are targeting to increase to 95 dealers and 20 BP Centres, up from the current 87 and 14 respectively. We will also introduce 2S Satellite dealers to reach out to customers in sub-urban areas. We aim to provide professional after-sales services to all our customers regardless of the areas they live,” said Ueno.As for East Malaysia region, Honda will continue to invest and expand their presence to further penetrate the market. “In November 2015, we successfully opened our Regional Office in Kota Kinabalu to enhance and support the operation in East Malaysia. We will be opening a technical training centre in order to provide intensive trainings to improve the skills of service technicians,” he added. ✕ 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 ... Honda Continues To Dominate, But Weak Ringgit and GST Weighing Down Market Auto News Hans | August 03, 2015 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 ... Comments
Honda Malaysia Forecasts Negative Growth For 2016 Auto News Hans | March 11, 2016 03:27 pm Honda Malaysia expects Malaysia’s new car sales to contract by 4 to 5 percent in 2016, citing economic pressures affecting Malaysia - falling crude oil prices and depreciation of the Malaysian Ringgit are the two main reasons.The leading non-national brand in country is forecasting 2016’s total industry volume to drop from last year’s 666,674 units to between 630,000 and 640,000 units.In response, Honda Malaysia is also forecasting a slight drop in its sales this year, from 94,902 units registered in 2015 to just 90,000 units for 2016.While 2015 was challenging, it was also a record breaking year for Honda Malaysia, registering its highest annual sales ever – 94,902 units, the highest in the company’s 16-year history, overtaking Toyota's 93,760 units. The 10,741 units registered in December 2015 was also the highest monthly sales recorded by the company. “2015 was a challenging year for the Malaysian Automotive Industry as we experienced economic slowdown due to the weakening of Malaysian Ringgit, Goods and Services Tax (GST) implementation and drop in oil price. The Total Industry Volume (TIV) in Malaysia was at 666,674 units which was almost flat from the previous year. Despite the tough and competitive market situation, Honda could still generate great results and 2015 became the most memorable year for Honda Malaysia,” said Managing Director and Chief Executive Officer of Honda Malaysia Mr. Yoichiro Ueno at a media event yesterday.“Moving forward in 2016, Honda has set the sales target at 90,000 units. This is despite a forecasted decrease in TIV of between 4% to 5% or a total 630,000 to 640,000 units for 2016 due to the economic pressures, fall in crude oil price and depreciation of the Malaysian Ringgit. Despite a drop in total TIV in the first two months of 2016, Honda would like to maintain this target to obtain a strong presence in Malaysia,” he added.Ueno also elaborated on Honda Malaysia's plan to increase the coverage of its sales and after-sales network.“Our focus is to continue to achieve highest customer satisfaction by enhancing the Honda brand and creating excellent customer experiences. We will increase our dealerships and Body and Paint (BP) Centres to reach and serve more customers across the nation. We are targeting to increase to 95 dealers and 20 BP Centres, up from the current 87 and 14 respectively. We will also introduce 2S Satellite dealers to reach out to customers in sub-urban areas. We aim to provide professional after-sales services to all our customers regardless of the areas they live,” said Ueno.As for East Malaysia region, Honda will continue to invest and expand their presence to further penetrate the market. “In November 2015, we successfully opened our Regional Office in Kota Kinabalu to enhance and support the operation in East Malaysia. We will be opening a technical training centre in order to provide intensive trainings to improve the skills of service technicians,” he added. ✕ 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 ...
Honda Continues To Dominate, But Weak Ringgit and GST Weighing Down Market Auto News Hans | August 03, 2015 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 ...