Business Insights and Market Implications Summary

Ford Maverick Price Increase

• Price Hike Details: Ford increased prices on Mexico-built 2025 Maverick models by $645 to $1,150, starting at $28,145 (up from $26,450). Bed cover options also saw slight price increases.
• Sales Impact: Despite potential sales impact, Ford leads the compact truck segment with Q1 2025 sales of 38,015 units (21,414 hybrid), outperforming Hyundai Santa Cruz's 6,648 units.
• Market Position: The 2024 Maverick XL remains the most affordable new truck at $23,920.

Australia Luxury Car Tax (LCT) Considerations

• Potential Removal: Prime Minister Albanese may scrap the LCT to improve EU trade relations, despite Trump administration tariff policies.
• Tax Details: Vehicles over $80,567 (or $91,387 for low-emission cars) are taxed at 33 cents per dollar exceeding the threshold, generating $1.2 billion annually.

Toyota Production Adjustments

• Strategic Moves: Toyota is increasing U.S. production of engines and transmissions to mitigate tariff-related challenges.

Nissan Dealer Incentive Changes

• New Program: Nissan's "Nissan One" program ties dealer incentives to new-car sales metrics, offering additional funds per vehicle for meeting targets starting June 3, 2025.

Ford Tariff Impact

• Profit Hit: Ford expects a $1.5 billion profit hit due to Trump tariffs, leading to the withdrawal of profit guidance.

Toyota & JoyRide Partnership

• Collaboration: Toyota RentαCar (Philippines) partnered with ride-hailing app JoyRide for long-term car rental services in Metro Manila.

ZymoChem Financing

• Funding Update: ZymoChem secured funding led by lululemon and Toyota Ventures to scale bio-based materials manufacturing, including nylon 6,6 alternatives.

GR86 Cup Malaysia Launch

• Racing Series: The GR86 Cup one-make racing series will launch in Malaysia with 3 rounds in 2025 and 30 units available for sale.