PETALING JAYA: Total vehicle sales could be back to near pre-pandemic levels in 2021, with the Malaysian Automotive Association (MAA) projecting total industry volume (TIV) to grow 8% to 570,000 units this year on the back of the renewed sales tax exemption and stronger economic recovery.
President Datuk Aishah Ahmad (pic below) said TIV may only surpass the 600,000 mark in 2022 as sales growth would be in tandem with economic performance, adding that any recovery would hinge on how quickly and effectively the Covid-19 vaccine could be rolled out.
Already a subscriber? Log in
The Star 6.6 DEAL: 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
