PETALING JAYA: Passenger cars sales this year will continue to be spurred by new volume-driven launches such as the Perodua Ativa, Proton X50, Honda City, and Toyota Yaris and Vios along with overflowing back-logged bookings and the extension of sales and service tax (SST) exemption, and seasonal promotions.
According to Kenanga Research, the total industry volume (TIV) is targeted at 545, 000 units, which is 3% higher year-on-year (y-o-y).
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