Affordable segment to maintain momentum

PETALING JAYA: Although there was year-on-year growth in automobile sales for the first quarter (1Q24), analysts maintain their expectation that sales for the year will moderate from the all-time high of nearly 800,000 units in 2023.

According to them, there is an absence of catalysts driving sales, which led to the conclusion that the current total industry volume (TIV) levels are not sustainable.