CARSOME Group Inc, reported its first quarterly positive earnings before interest, taxes, depreciation, and amortization (EBITDA) in Q1 2024. The company also marked a notable milestone, surpassing 500,000 cars sold since its establishment in 2015. Last year, the Group sold over 150,000 cars. A substantial factor contributing to CARSOME's profitability is a 48% year-on-year increase in Gross Profit Per Unit (GPU), primarily attributed to improved transaction margins and utilization of AI-driven

Hans

May 9, 2024

Shortly after this morning's start with a leaked image, the third-gen 2024 Honda Freed has made its proper debut in Japan earlier today. Two variants are to begin sales in June 2024, which is the regular Freed Air and the crossover-styled Freed Crosstar. Trim variations see the Freed Air getting either 7-seats (2nd and 3rd row benches) or 6-seats (captain seats for row 2), while the Crosstar can have the latter's 6-seat arrangement or a 5-seater one. A wheelchair-friendly variant – which makes i

Sanjay

May 9, 2024

CAM Malaysia, a brand founded in 2009 by R&A Marketing Sdn Bhd (a subsidiary of the Sendok Group), has launched Malaysia's first automatic diesel van – the CAM Kingo 6AT. CAM's product range encompasses light trucks, vans, minibuses, heavy machinery, and mining trucks. Today’s focus is on the CAM Kingo Series. Just a quick background, the Sendok Group distributes King Long vehicles in Malaysia in collaboration with China's King Long United Automotive Industry Co. Ltd., headquartered in Xiamen. A

Shaun

May 9, 2024

Toyota can't keep running away with the Japanese coupe segment, and the upcoming 2025 Honda Prelude might just be the one to disrupt the GR86's flow. New leads from Best Car Web points that Honda's show-stopping concept of the 2023 Japan Mobility Show might be a reality after all, with efforts underway to manufacture the model before purportedly starting sales in 2025; 24 years after the last-gen Prelude was discontinued. Specification and powertrain details haven't been disclosed just yet, but

Sanjay

May 9, 2024

UMW Toyota Motor (UMWT) announced yesterday that it sold 7,345 units of Toyota and Lexus vehicles in April 2024, with Toyota-badged models contributing 7,213 units, while the imported-from-Japan only Lexus contributed 132 units. Year-to-date, the company sold 30,789 units in the first four months. The company didn’t share its sales numbers for March 2024, but figures compiled by RHB Investment Bank put it at 9,688 units. That’s a that month-on-month, UMWT’s sales had dropped by 25 percent, but t

Hans

May 9, 2024