Last month, the MAA announced that it was 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.
PETALING JAYA: Demand for new vehicles is expected to remain promising in the final quarter of this year despite the cessation of the six-month moratorium, as customers continue to seek affordable or even used cars in light of the current economic uncertainty.
Frost & Sullivan Asia-Pacific mobility consulting analyst Nur Afiqah Mohamad said the cessation of the six-month moratorium will result in replacement demand for more affordable vehicles and used cars, as financially challenged consumers will likely downgrade their existing vehicles to fit their post-moratorium budget.
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