MAA sees pick-up in 2020 car sales with tax exemption

More positive: Aishah with other members of the association at the briefing yesterday.

THE Malaysian Automotive Association (MAA) is revising upwards its vehicle sales target for the year by 17.5% to 470,000 units, as the grim economic outlook is likely to be buffered by the various incentives recently announced by the government.

Nevertheless, the projection would not only mean that sales this year would be a 22% contraction from 2019’s 604,287 units sold. It would also be the first time in 13 years since the total industry volume (TIV) failed to surpass the 500,000-unit mark.