TIV likely to contract over next few months, says MIDF Research

An employee inspecting a door handle is reflected in a rear mirror of a vehicle in the general assembly shop at the SAIC-GM-Wuling Automobile Co. Baojun Base plant, a joint venture between SAIC Motor Corp., General Motors Co. and Liuzhou Wuling Automobile Industry Co., in Liuzhou, Guangxi province, China, on Wednesday, May 23, 2018. - Bloomberg

PETALING JAYA: The total industry volume (TIV) is expected to contract over the next few months post Hari Raya festivities, especially for June, given the shorter working month.

MIDF Research is also of the opinion that TIV will start showing a contraction against an inflated base during the June-August 2018 tax holiday period.