Khor: The first three quarters did very well. The third quarter started seeing a slowdown.
WHILE 2022 has been a remarkable year for both new and used-vehicle sales in Malaysia, stakeholders are expecting a slowdown in 2023 due to anticipated slower economic growth and further interest rate hikes, as well as dampened consumer sentiment as a result of inflationary pressures.
Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor tells StarBizWeek that November and December 2022 had seen a slowdown in used car transactions.
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