Used car industry in for double-digit growth

Used car sales in 2022 is projected to grow to 480,000 units, compared with around 428,000 units sold last year.

KUALA LUMPUR: The used car industry is expected to register double-digit growth in sales this year, backed by higher online transactions, better buyer sentiment and improved economic conditions.

Federation of Motor and Credit Companies Association of Malaysia president Datuk Tony Khor said the pandemic had resulted in a rise in online transactions for used cars.