Vehicle sales expected to soften in second half

Toyota retained its position as the leading non-national brand with 13.5% market share in April.

PETALING JAYA: Vehicle sales are expected to soften in the second half of 2022 (2H22), in view of the expiry of the sales and service tax (SST) holiday at the end of next month.

CGS-CIMB Research in a report said the government’s plans to introduce targeted fuel subsidies and higher interest rate environment will also dampen sentiment in the automotive sector in the second half.