Car sales likely to slow down

TIV for 4M24 grew by 8% to 260,236 units from the 240,417 units registered in the corresponding period in 2023.

PETALING JAYA: Despite a positive start to the year, experts are forecasting a slowdown in the automotive market’s total industry volume (TIV) in the coming months.

The initial momentum seen in the first four months of the year (4M24), driven by a surge in consumer demand and festive season purchases, is expected to taper off as the year progresses.