Analysts: Tax holiday boost to car sales won’t last

Customers at a Perodua showroom. Filepic.

PETALING JAYA: After four consecutive months of dwindling vehicle sales, the total industry volume (TIV) looks set to get a boost over the next two or three months from the “tax holiday” following the zero-rating of the Goods and Services Tax (GST) from June 1.

“Statistically, the second quarter of 2018 should be one of the best three months in a long time for the automotive sector,” said an analyst from a local bank-backed brokerage.