Slowdown in used car sales likely

THE gradual reduction in vehicle prices by between 20% and 30% over a five-year period, a policy under the recently announced National Automotive Policy (NAP 2014), could potentially result in a slowdown in used car sales as consumers adopt a “wait-and-see” approach.

“A lot of customers are still unclear about this policy, and so are many used car dealers,” says Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor.