National Day deals push vehicles sales up

CIMB Research said the just-announced fuel subsidy mechanism is expected to underpin sales momentum in the national car segment for Proton Holdings Bhd and Perodua as well as Japanese marques.

PETALING JAYA: Aggressive promotional campaigns amid the National Day celebrations have boosted vehicle sales in the month of August to 73,041 units, the highest monthly sales volume year-to-date.

Competition is expected to remain keen moving ahead even as Japanese marques concede some ground to Chinese brands that have been making their presence felt in the country’s auto scene, although the former are not expected to take this lightly.