This achievement of sales volume was attributed to pent-up demand for new vehicles in 2022, especially in the first half, as well as the decision to allow buyers with confirmed bookings of vehicles made before the June 30, 2022 cut-off date for the sales tax exemption to beThis was also due in part to the low base effect, or low TIV in the first half of 2021 due to the pandemic-driven implementation of theBy market segment, passenger vehicles charted sales of 641,773 units in 2022, which is an...
For comparison, this exceeded the MAA’s prediction in January 2022 that passenger vehicles would gain 87,337 units or 19.3%, and that commercial vehicles would gain 3,752 units or 6.7% over their respective figures in 2021. Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.