Local auto hitting speed bumps

Slowdown: In the first half of this year, Proton sales dropped to 35,727 units from 50,205 units in the previous corresponding period. Sales in July were less than encouraging, dropping 64 year-on-year to 3,866 units from 10,867 units previously.

Growth has been slowing in the sector, with forecast TIV for this year cut down to 580,000 units

SINCE coming out of the global financial crisis, the Malaysian automotive industry has been cruising steadily upwards in terms of sales over the past five years, hitting a record-breaking 2015 with total industry volume (TIV) of 666,674 units.