For the 2024 fiscal year, it is predicted that the implementation of the automotive agency model will result in lower orders and deliveries in the automotive and auto parts industries, as well as resurrected worries about the automotive supply chain.
With effect from July, Mercedes-Benz has a contract for this strategy with its Malaysian retail partners, Hap Seng Star and Cycle & Carriage. On the other hand, Volvo has also adopted this model and is currently offering electric automobiles for direct online purchase in Malaysia. There is no longer a need to go through a dealer.
(more…)