What’s in store for the automotive industry?

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The car industry has suffered major setbacks this year. What does the future hold? FMTNews FMTLifestyle Automotive

The local automotive industry has taken a huge hit from the coronavirus pandemic.

According to an MAA report, April sales volume was minimal, 99% lower than the same month last year. Sales volume was also more than 99% lower compared with March this year because all automotive operations stopped until May 12, as the automotive sector was not ranked under the essential sectors.Most car companies recorded lower sales in the first quarter of the year compared with 1Q2019.

Honda came in third, despite sales being almost half a percent lower than last year. Its market share was 10.4% lower than in 2019. MAA President, Aishah Ahmad told CarSifu, The Star, a proposal on the measures for the automotive industry to be taken post-MCO had been submitted to the government.

 

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