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24 Jan
02:21

Malaysia's car sales expected to normalise in 2024

After a record-breaking year in 2023, Malaysia's car sales are anticipated to normalise in 2024, Kallanish notes from analysts. Hong Leong Investment Bank Research projects a 10% year-on-year decline in the 2024 total industry volume (TIV) to 720,000 units, primarily attributed to diminishing order backlogs and a slowdown in new order intake. Despite this, the introduction of exciting new models in late-2023 and 2024, coupled with aggressive sales and market…
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