The research house added that a low interest rate environment will also serve as are strong catalyst to drive a rebound in vehicle-buying sentiment.
PETALING JAYA: Vehicle sales are off to a good start with June marking the strongest monthly total industry volume (TIV) growth and potentially indicating a positive start to the second half of 2020.
MIDF Research, in a report, noted that 44,695 units were registered in June, representing a 5.1% and 95% year-on-year and month-on-month (m-o-m) growth respectively.“
The recovery in June numbers underpin our bullish turn on the auto sector following the announcement of the sales tax-holiday that commenced on June 15.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
