Honda Malaysia continues to persevere in tough conditions; New City coming soon

In the challenging market environment of 2016, Honda Malaysia achieved sales that defied the lacklustre trend. Even as the official Total Industry Volume (TIV) for 2016 fell 13% year-on-year and dropped below the 600,000 mark for the first time in six years to 580,124 units, Honda Malaysia exceeded the set target to end 2016 with a sale of 91,830 units. This remarkable achievement translated to a 15.8% market share, the second highest country market share in Honda automobile operations globally.

Domestically, this percentage maintained Honda at its number one position in the Non-National segment for two years consecutively, and propelled the company to No.2
position in the overall TIV for the first time in the country.

For 2017, Honda Malaysia is once again challenging conventional thinking and expectations.

Honda Malaysia Managing Director and CEO, Katsuto Hayashi said, “Despite most analysts predicting a cautious view, we believe 2017 will have a positive outlook for the automotive industry and market sentiment will gradually improve in this region. With this, we are forecasting the TIV for 2017 to be 600,000 units.”

Against this forecast TIV of 600,000 units, Honda Malaysia has set the target for this year at 100,000 units, an increase of 8% compared to last year in order to maintain their market leadership position.

In announcing the sales target at its annual media event, Honda Malaysia also shared its direction and model plan. In 2016, Honda Malaysia launched two new models which were a game changer and an executive sedan for a higher target market respectively. The All-New Civic and the new Accord set a new benchmark with their outstanding packages of drivability, design, safety and class leading advanced features.

The 10th Generation Civic recorded an impressive 165% increase compared to Honda Malaysia 2015 sales of the same model, and became the market leader in its segment with 68% market share within six months of its launch. Meanwhile, the Accord which has always been the flagship model of Honda Malaysia ended the year at the top of its segment with close to 2,400 units sold.

For 2017, Honda Malaysia is looking at introducing 4 new models. In early January this year, the new BR-V was introduced into the Honda family to complete Honda’s line-up of utility vehicles, allowing wider choices for Malaysians. In this range, the CR-V is the pioneer of the SUV segment, offering a complete package of versatility and space while the HR-V launched in 2015 revolutionized the Compact SUV segment.

Last year, HR-V sold close to 25,000 units and became our second best-selling model in our line-up. The BR-V continues the momentum by offering a new proposition with its unique combination of “styling of an SUV body and space of an MPV”. The BR-V received encouraging market acceptance and started the year on a strong note for the company. The 7,000 bookings received in a month is equivalent to 9 months sales
target for the model which puts our sales target in the first year well within reach. The booking ratio is 83% favoring the high specs V variant which was above Honda Malaysia’s expectation while 17% is for the E variant.

4th-generation Honda City coming soon…

Following closely behind the strong start to the year, Honda Malaysia began collecting bookings on 1 February 2017 for the new City, which is built on the success of the 4th generation model. The 4th generation City is a B-segment leader with more than 100,000 units sold since its launch in March 2014. The soon-to-be launched Honda City is deemed a B-segment that offers C-segment features,

The 4th-gen City comes with upgrades of advanced features while maintaining its class-leading spaciousness and comfort. This Energy Efficient Vehicle (EEV) certified New City will provide excellent fuel efficiency and will be able to attract more upgraders and replacement car buyers. With this new City, high value C-segment features such as Vehicle Stability Assist (VSA), Hill Start Assist (HSA), Push Start Button with Smart Entry and new dual tone alloy wheels will be made available as standard across all variants.

More information about the new Honda CIty will be released soon…

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