Auto sales likely to moderate further

TA Research said it is maintaining its annual TIV forecast at 650,000 units for 2023. — Bloomberg

PETALING JAYA: Ongoing supply constraints and softer consumer sentiment amid rising interest rates are expected to weigh on automotive sales this year.

Following a weak total industry volume (TIV) registered last month, TA Research said it is maintaining its annual TIV forecast at 650,000 units for 2023.