Small rise in car prices seen

  • Auto Premium
  • Friday, 31 Aug 2018

Jeffri: It will be slow next quarter but eventually the market would reach an equilibrium.

PETALING JAYA: Sime Darby Bhd, expects a marginal rise in the prices of cars distributed following the implementation of the sales and services tax (SST) on September 1, 2018.

“The price of cars are expected to increase with the implementation of SST,” chief executive officer Jeffri Salim Davidson told the press after announcing the group’s full year financial results ended June 30, 2018 yesterday.

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