Kenanga Research: We believe the new volume-driven launches in the fourth quarter of the this year, namely the Proton X50, Honda City and Nissan Almera, could help improve consumer sentiment with back-logged booking to overflow into 2021, which would also be boosted by the sales tax exemption, seasonal promotion and new launches in the second half of the year.
PETALING JAYA: Analysts are projecting stronger car sales, following the vehicle sales tax exemption that has been extended another six months until June 30.
TA Securities, in a report, said it is revising its 2021 total industry volume (TIV) higher by 5.9% to 627,000 units.
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!
