Higher vehicle sales seen in second half

The Perodua Ativa sport-utility vehicle. AmInvestment Research said the outlook of the local auto sector is looking good, for now.

PETALING JAYA: Vehicle sales are expected to trend stronger in the second half of this year, spurred by the gradual opening of the economy, the ongoing sales tax exemption and pick-up in the national immunisation programme.

AmInvestment Research in a report yesterday said it remained “overweight” on the auto sector, with an unchanged total industry volume (TIV) projection of 575,000 units (9% year-on-year growth) for 2021.