News

Car sales sputter on tax hike

Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...

Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike

Kia enters market with high hopes

Kia Motors opened its first showroom in Cambodia on Friday and the local authorised dealer, A&A Auto Group, says the time is right for the Korean carmaker to join the ranks of those looking to tap the country’s growing middle class. Sin Soveoung, sales manager for ...

Chan Muyhong
http://www.phnompenhpost.com/business/kia-enters-market-high-hopes

New local distributor for Jaguar, Land Rover

RMA Cambodia confirmed yesterday it had taken over from rival firm Envotech as the Kingdom’s only authorised dealer of Land Rover and Jaguar vehicles. Envotech will have held the authorised dealer rights for two years when it closes its Phnom Penh dealership on March 26. RMA, whic ...

Hor Kimsay
http://www.phnompenhpost.com/business/new-local-distributor-jaguar-land-rover

Land Rover, Jaguar enter Cambodia

Following the recent wave of luxury car brands entering the Cambodian market, RMA Cambodia’s CEO said yesterday that the firm will bring in UK brands Land Rover and Jaguar by opening a showroom before the end of the year. The newly appointed official authorised dealer will ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/land-rover-jaguar-enter-cambodia

Toyota to import used cars

Toyota Cambodia unveiled plans yesterday to add second-hand vehicles to its showroom in response to consumer preference for less expensive cars and a competitive grey market full of unauthorised dealers. Kong Nuon, chairman of Toyota Cambodia, the country’s largest car dealer, said that while demand for ...

http://www.phnompenhpost.com/business/toyota-import-used-cars

New Cafe to Enter Growing Cambodian Market

Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is ...

http://www.cambodiadaily.com/business/new-cafe-to-enter-growing-cambodian-market-36434/

Recovering supply lifts car sales

Thanks to a more stable and undisturbed supply chain, sales of new cars in Cambodia have risen dramatically over the first six months of this year compared with the same period in 2012. But the purchases pale in comparison to the country’s thriving second-hand market. Kong ...

http://www.phnompenhpost.com/2013070466651/Business/recovering-supply-lifts-car-sales.html

Mass Ford recall makes local dent

Some 24 Ford Explorer sport utility vehicles in Cambodia are being recalled to fix a potential fuel leak that could cause a fire, company representatives said. The move comes amid a much larger recall of 465,000 units manufactured by the Dearborn, Michigan-based automaker, raising doubts over ...

http://www.phnompenhpost.com/2013060666096/Business/mass-ford-recall-makes-local-dent.html

New car sales back on track

New car sales noticeably increased in the first quarter of this year, a contrast to the year earlier period when sales dropped compared with the first quarter of 2011, officials said. Major car dealers in Cambodia said yesterday the jump is due to improvements in ...

http://www.phnompenhpost.com/2013041265053/Business/new-car-sales-back-on-track.html

Isuzu distributor opens showroom near airport

K (Cambodia), an authorised dealer of Isuzu Motors, opened a new showroom near Phnom Penh International Airport yesterday that will be the cornerstone for Isuzu Motors’ planned long-term investment in the Kingdom, a K (Cambodia) official said. “The new showroom for Isuzu vehicle is to serve ...

http://www.phnompenhpost.com/2013032164549/Business/isuzu-distributor-opens-showroom-near-airport.html

Starbucks to open its first outlet in Vietnam

Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...

http://www.phnompenhpost.com/2013010460636/Business/starbucks-to-open-its-first-outlet-in-vietnam.html

Royal Group to Import BMWs Into Cambodia

Cambodian conglomerate Royal Group will be the first authorized importer and dealer of BMW automobiles in the country, and has begun construction on a showroom and service center in Phnom Penh. Premium Auto Import Co. Ltd., a subsidiary of Royal Group, aims to import roughly 200 ...

http://www.cambodiadaily.com

Coffee Chain Costa to Open Shop Next Month in Phnom Penh

The U.K.-based coffee chain Costa Coffee will join the mix of few coffee shops in Phnom Penh when it opens its first branch in Chamcar Mon district next month, representative of the international branch said yesterday. Rami Sharaf, CEO of RMA Cambodia, which represents international brands ...

http://www.cambodiadaily.com/business/coffee-chain-costa-to-open-shop-next-month-in-phnom-penh-5301/

Car industry association established

Three car import companies have established an automotive industry association to bring international standard quality vehicles to Cambodia. The companies are RMA Cambodia, Hung Hiep Cambodia and Envothech Cambodia. The objective is to boost the level of foreign investment in the sector Commerce Minister Cham ...

http://www.etmcambodia.com/

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