PETALING JAYA: The sales tax exemption for passenger cars is a much-needed boost for the auto sector that will reduce new vehicle selling prices and jump-start vehicle sales from the second half of 2020, said analysts.
According to AllianceDBS Research, the sales tax exemption will help make up for lost sales due to the lockdown arising from the movement control order (MCO), clear inventory as well as ease the cash flow of auto players.
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