Sales of used cars go up during CMCO

PETALING JAYA: The used car market is expected to recover faster than the new vehicle segment this year, as more buyers are anticipated to remain cautious in light of the economic uncertainty created by the Covid-19 pandemic.

Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor (pic below) said the economic uncertainty created by the Covid-19 pandemic will result in many people being conservative and buying more used cars, simply because they are cheaper.