TIV to start on high note on vehicle deliveries

Original equipment manufacturers (OEM) would have to leverage onto attractive new models and sales programmes in order to sustain sales, said HLIB Research.

PETALING JAYA: The total industry volume (TIV) is expected to start the year on a high note in 2023, led by accelerating deliveries to meet the high order backlogs prior to the ending of the sales and service tax (SST) exemption by end-March last year.

But a slowdown is expected by the second quarter of 2023 (2Q23) due to declining new orders as consumers would have already brought forward their purchases.