Malaysia is the Second Most Expensive Place To Buy A Car
A recent survey by the Malaysian daily, The New Straits Times, revealed what most locals already knew – Malaysians are paying up to double for cars compared to Americans.
Damned If You Do, Damned If You Don’t
Uh oh. Thailand’s Prime Minister, Yingluck Shinawatra, may have set out to help the automotive industry, but her plans may have backfired. The first time car buyer incentive programme introduced by her administration may have just created a false demand that has now caused an oversupply of vehicles in the Kingdom.
22 World Debuts in LA Auto Show
The LA Auto Show is set to take place next month, between 9 to 21 November 2013 for the media and 22 November to 1 December 2013 for the public.
South Korean Neighbourhood Goes Car-less For A Month
The neighbourhood of Haenggun-dong in the city of Suwon, South Korea has just gone an entire whole month without their cars.
In an initiative between the International Council for Local Environmental Initiatives (ICLEI) and Suwon, the EcoMobility World Festival
Eye on Indonesia
The automotive industry has had their eyes on Indonesia as its middle class continues to expand and the country’s economy matures. Its population of 240 million has been enjoying a significant rise in per capita income which will only increase car ownership. For now, vehicle ownership in Indonesia is low – roughly 80 vehicles to every 1000 citizens. Its neighbour, Malaysia, has 330 vehicles to every 1000 people. But as improvement to their living standards continues to take place rapidly, it is an untapped gold mine for any auto manufacturers.
Advantage Honda
Sales of hybrid cars, which had just started to take off in Malaysia, may stall in the very near future if the Malaysian government fail to renew the exemption for Complete Built Up (CBU) hybrid vehicles that expires at the end of the year.