Lower vehicle sales likely this year

Aishah said the stellar performance in 2022 can also be attributed to pent-up demand for new vehicles that was seen, especially during the first half of last year.

PETALING JAYA: The Malaysian Automotive Association (MAA) expects vehicle sales to drop 9.8% to 650,000 units this year following the record-high total industry volume (TIV) of 720,658 units last year.

MAA president Datuk Aishah Ahmad said the primary reason for the drop in TIV is the end of the sales tax exemption on March 31, 2023.