Sales of used cars likely to moderate

Federation Of Motor and Credit Companies Associations of Malaysia (FMCCAM) president Datuk Tony Khor - CHAN BOON KAI/The Star

PETALING JAYA: Sales of used cars are expected to moderate for the rest of the year, mainly due to the expiry of the sales tax exemption on March 31.

Federation of Motor and Credit Companies Association of Malaysia president Datuk Tony Khor said used car sales in the first quarter of the year was on par with levels in the previous corresponding period, but had started to decline from the second quarter.