HLIB Research maintained its total industry volume forecast for 2023 at 700,000 units.
PETALING JAYA: Automotive sales volume is expected to remain robust in the second half of this year, supported by a huge order backlog, according to Hong Leong Investment Bank (HLIB) Research.
However, the trend will likely normalise towards 2024, with sales expected to move at a slower pace after the backlog is cleared.
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