RHB Research conducted a ground check at the Malaysian Autoshow 2023 which further reinforced its view that the overall sector demand remains robust, especially for key marques.
The research house pointed out that Honda, Toyota, Chery, Great Wall Motors , BMW and Mercedes had noticeably packed booths during the four-day autoshow, with Honda’s booth being arguably the most crowded. “Toyota’s booth was notably crowded, particularly around the GR models,” RHB Research said, adding that the all-new Vios was experiencing a waiting period of six to seven months.Additionally, RHB Research noted that Chinese brands are making their presence felt.
Meanwhile, the booth of another Chinese brand, Chery, witnessed a swarm of people gathered around the Tiggo 8 Pro and Omoda 5 models.Despite the decent crowd at Neta’s booth, RHB Research gathered that orders have been slow.