Kenanga Research said TIV for the first 10 months made up 83% of its full-year projection of 800,000 units.
PETALING JAYA: A full month production schedule of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and an aggressive rollout of year-end specials by original equipment manufacturers (OEM) has resulted in the increase of total industry volume (TIV) for the month of October 2024.
In a note, Hong Leong Investment Bank (HLIB) Research said TIV rebounded 20.3% to 69,900 units but on a year-on-year basis, TIV fell 9.1% due to lower order backlogs.
