MAA revises upwards 2020 car sales to 470,000 units

PETALING JAYA: Malaysian Automotive Association (MAA) has revised upwards it’s total industry volume (TIV) forecast to 470,000 units from 400,000 units initially, on the back of the government’s sales tax exemption and introduction of new models at competitive prices that may sustain buying interest.

Despite the revised forecast, MAA president Datuk Aishah Ahmad cautioned that consumer sentiment is still expected to remain weak due to the uncertain economic environment.