Modest vehicle sales seen in Malaysia


An analyst with a bank-backed brokerage said he is maintaining total industry volume (TIV) forecast for the year at 670,000 units.

PETALING JAYA: Total vehicle sales growth is expected to be modest this year, as the uncertainty from the implementation of the goods and services tax (GST), stringent lending rules and cautious economic outlook keeps demand muted.

An analyst with a bank-backed brokerage said he is maintaining total industry volume (TIV) forecast for the year at 670,000 units.

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Business , Auto , April , sales , vehicles , GST , rates ,

   

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