Total vehicle sales growth is expected to be modest this year, as the uncertainty from the implementation of the goods and services tax (GST), stringent lending rules and cautious economic outlook keeps demand muted.
An analyst with a bank-backed brokerage said he is maintaining total industry volume (TIV) forecast for the year at 670,000 units.
“We are not lowering our forecast, as the less-than-favourable conditions will result in more aggressive campaigns from car companies looking to push sales,” he said.
Another analyst said year-on-year 2015 TIV would likely be “flattish” due to unfavourable exchange rates and tight auto financing, which could affect loan-approval rates.
He said lower car prices post-GST would help spur sales, adding that he is maintaining his 2015 TIV forecast at 675,000 units.
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An analyst with a bank-backed brokerage said he is maintaining total industry volume (TIV) forecast for the year at 670,000 units.
“We are not lowering our forecast, as the less-than-favourable conditions will result in more aggressive campaigns from car companies looking to push sales,” he said.
Another analyst said year-on-year 2015 TIV would likely be “flattish” due to unfavourable exchange rates and tight auto financing, which could affect loan-approval rates.
He said lower car prices post-GST would help spur sales, adding that he is maintaining his 2015 TIV forecast at 675,000 units.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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