KUALA LUMPUR: Car buyers can expect lower prices within the next five years, under a CPR (Car Price Reduction) framework developed by the Government.
“The framework consists of mixed measures. The underlying factor is liberalisation of the local automotive industry, which will enable market forces to determine more competitive car prices,” said International Trade and Industry Minister Datuk Seri Mustapa Mohamed during the unveiling of the National Automotive Policy (NAP) 2014 at Menara Matrade here yesterday.
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