PETALING JAYA: Strong sustained demand in the affordable car segment, new launches, buyers down-trading trend to mid-market models and forward buying interest on the deferment of new excise duty regulations to end-2025, are expected to support total industry volume (TIV) growth in the automotive sector.
Kenanga Research said its 2025 TIV forecast of 805,000 units or down 1% year-on-year (y-o-y), is a tad above the forecast of 780,000 (down 4.4%) by the Malaysia Automotive Association underpinned by the aforementioned factors.
