Buoyant used car market seen

KUALA LUMPUR: Used car sales are expected to resume their upward trajectory in 2023, as the cautious economic outlook will see more customers opting for cheaper or pre-owned vehicles.

Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor said sentiment this year will be weighed by inflationary pressures, interest rate hikes and slower economic growth.