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PETALING JAYA: The local automotive industry, which is already seeing a boost in the form of an extended tax holiday this year, is also set to benefit from stronger economic growth and favourable foreign exchange.
Research firms stay ‘neutral’, expects improved TIV in 2020
PETALING JAYA: Positive consumer sentiment on the back of better economic growth is expected to spur car sales in 2021. Vehicle sales growth is also anticipated to remain steady even if the sales tax exemption that ends this month is not extended, say analysts
PETALING JAYA: Total vehicle sales continued its upward trajectory for the sixth consecutive month this year in November, rising 7.4% to 56,489 units from 52,584 units in the previous corresponding period
PETALING JAYA: Car sales for the year are inching towards the annual target set by the automotive association, with the sales tax exemption driving enthusiasm.According to the latest data from the Malaysian Automotive Association (MAA), total sales had reached 398,159 in October.
PETALING JAYA: The automotive sector was among the biggest winners of the government stimulus plans, turning 2020 into a banner year for the segment, despite the unprecedented economic challenges following the Covid-19 pandemic.