29 Sep '15, 2am

Honda, Toyota, Mitsu price hikes as the ringgit drops?

Honda, Toyota, Mitsu price hikes as the ringgit drops?

A bleak report by weekly publication The Edge suggests that three more carmakers – namely Honda, Toyota and Mitsubishi – are expected to raise their prices in light of the falling ringgit. This follows Hyundai’s move to hike prices of its Elantra, Veloster and Santa Fe models earlier this month. The ringgit breached the 4.40 mark against the US dollar recently, the lowest it has been since 1998. Making things worse, the ringgit isn’t faring any better against the euro either, falling about 15% since the start of the year, to 4.88 at the moment. The report claims that the price increase will come any time now, with some apparently looking to do so as early as October 1. If true – and we don’t know if it is just yet, or to what extent it will be – this will surely have a negative effect on car sales, which is already in a slump as it is. Malaysian Automotive Association (MAA...

Full article: http://paultan.org/2015/09/29/honda-toyota-mitsu-price-hi...

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