KUALA LUMPUR: The automotive sector is in for a bumpy ride for the remainder of 2022 as rising inflation, inconsistencies such as labour and parts shortages and the discontinuation of the efficacious vehicle tax holiday could potentially dampen sales.
Vehicle sales in May slumped 12% month-on-month (m-o-m) to 49,603 units, as production was affected by the shorter working month amid the persistent chip shortage and component shipment delays.
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