The Malaysian Automotive Association has revised its new motor vehicle sales forecast for 2024 to 765,000 units from its previous estimate of 740,000. — Picture by Shafwan ZaidonKUALA LUMPUR, July 16 — The Malaysian Automotive Association has revised its new motor vehicle sales forecast for 2024 to 765,000 units from its previous estimate of 740,000.
“Bank Negara Malaysia’s decision to maintain the overnight policy rate at three per cent is another key factor that will sustain the automotive market,” he told a press conference today. Mohd Shamsor noted that TIV for the first half of 2024 rose 6.6 per cent to 390,296 units from 366,176 in the same period in 2023, with passenger cars contributing mostly to the biggest volume increase.
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