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2010 REPORTS > HONG KONG - FEBRUARY 27, 2010
Hong Kong
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Crown Motors still leads the pack in Hong Kong  
Crown Motors Managing Director Patrick S. Lee
Recipient of Toyota Motor Corp.’s coveted Triple Crown Award for a record 18 straight years (No. 1 overall as well as for passenger vehicles and commercial vehicles), HongKong based Crown Motors Ltd. is arguably the special autonomous region’s market leader in sales of passenger, commercial and overall vehicles.

Since its establishment in 1966, business has grown steadily for Crown Motors, being the sole distributor of Toyota, Lexus, Daihatsu and Hino brands, with Toyota as its biggest brand in Hong Kong.

“The success of Crown Motors would not be possible without Toyota looking at Hong Kong as a market that required products that meet specific needs. As a market leader, you need to introduce new products that are unique,” says Managing Director of Crown Motors Ltd. Patrick S. Lee.

“We take bold steps to invest in marketing and advertising and promoting the right products to
the right consumers. We continue to distribute suitable models for Hong Kong’s domestic market.

Our development strategy is synergized with Toyota’s global strategy– giving value for money in line with our ‘Customer First’ philosophy.

We carefully study each market and foresee the trends,” Lee adds.

Given that the Hong Kong government reduced by 30 percent the required first registration tax, or FRT, on “green” cars, Crown Motors has expanded its line of environmentally friendly vehicles, aware that more customers would take advantage of the government incentive.

It now sells Toyota’s Prius, Alphard 4-seater and Noah, as well as Lexus LS600hL, GS450h and RX450h, all of which are entitled to a government tax subsidy.

“This helps us continue to generate consumer preference in the marketplace, and our partners Toyota and Lexus can introduce these high-technology products without the consumer paying for all the premiums. Our business continues to grow with environmental awareness,” says Lee.

Crown Motors also hopes to introduce Toyota plug-in hybrid vehicles for testing with the government in the middle of this year.

“It’s a very exciting project for us because it will be the very first plug-in hybrid from Toyota. Hong Kong is one of the best places in the world to promote hybrid and electric vehicles for a number of reasons. It is geographically small and the infrastructure of electricity is good,” Lee says.

“The plug-in hybrid is our response to the call of the government to introduce electric, plug-in hybrid vehicles to Hong Kong. So, we raised our hand and said ‘Yes, we are ready to do it,’” he adds.

www.crown-motors.com

 
 
Table of Contents
Country Information
Hong Kong navigates through rough seas
DCH offers collaborative partnership and a gateway into China
Crown Motors still leads the pack in Hong Kong
Dah Sing banks on the growth of the Pearl River Delta
GMT Shipping Group focuses on Africa
Ship management specialist serves the world
TCM grows slowly but surely
Japanese trading giant maintains confidence in South China
The center of Asia, the world’s city


Ebox

The Hong Kong General Chamber of Commerce (HKGCC), the oldest and largest business organization in Hong Kong, has remained an influential voice of the region’s business community. With a membership consisting of over 4,000 multinational companies, the HKGCC advocates policies that improve Hong Kong’s economic environment and serves as a vital bridge to business connections all over the world. www.chamber.org.hk

The Japan External Trade Organization (JETRO) promotes foreign direct investment into Japan and helps small- to medium-size Japanese firms maximize their global export potential. Founded in 1958, JETRO has 71 offices in 54 countries. www.jetro.go.jp

The Hong Kong Japanese Chamber of Commerce and Industry represents the specific interests of Japanese traders in Hong Kong in relation to commercial and mercantile matters, and promotes understanding and friendship between its members and other locally based chambers of commerce and similar business associations. www.hkjcci.com.hk

Over the past 50 years, the Hong Kong Shipowners Association has emerged as one of the world’s largest such groups as it thrives on the deeply rooted entrepreneurial nature of the busy port region, boosted by the government’s business-friendly policies. Its main purpose is to promote the interests of Hong Kong’s shipowners, ship managers, as well as the growing number of local professionals and services working with its members. www.hksoa.org

 
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