August vehicle sales fall

RHB Research said it expects the TIV in the second half of the year to drop by 8% year-on-year.

PETALING JAYA: Total vehicle sales for the month of August dropped 2% year-on-year to 71,162 units, in line with analyst expectations that total industry volume (TIV) will be weaker in the second half of the year.

According to statistics by the Malaysian Automotive Association released yesterday, year-to-date August TIV was up 6% to 533,301 units.