KUALA LUMPUR: RHB Research is leaving its total industry volume (TIV) projection for the auto sector unchanged despite a strong showing in January as it expects the sales performance to cool over the coming months.
The research firm forecasts a 2024 TIV volume of 625,000, which is a 22% year-on-year (y-o-y) decline from the 2023 TIV of 800,000 amid a lack of catalysts to bring the sales figures to another high in 2024.
