PETALING JAYA: After a 19% decline in sales on a month-on-month basis in May, total industry volume (TIV) for the auto sector is expected to take an even steeper dive this month as most car showrooms and production centres are closed due to MCO 3.0.
However, taking a longer-term view, prospects for the industry should improve backed by an accomodative interest rate environment and the extension of the sales and service tax (SST) exemption until the end of this year.
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