Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor: “As more people buy new cars, the more they will need to trade in their old ones. “In June, used car sales surged 80% year-on-year. In July and August, sales grew around 20% and 25% year-on-year respectively.”
PETALING JAYA: The Malaysian used car industry, which was severely impacted by the pandemic but saw a resurgence in sales following government incentives, is expected to record flat year-on-year growth for 2020.
Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor said business for used car dealers was severely hit from March to May, as a result of the movement control order.
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