MAA: Car dealers incur RM14bil losses

Sales and production of motor vehicles for the past two and a half months had been greatly hampered.

KUALA LUMPUR: Car dealers in the country posted total losses of more than RM14bil in June and July due to plunge in sales of vehicles – the impact on the whole ecosystem, including revenue loss from the closure of showrooms.

Following the movement control order (MCO), the Malaysian Automotive Association (MAA) said the local automotive industry had suffered huge losses.