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New car shortage affecting supply of used cars as owners hold on to their existing vehicles - association

New car shortage affecting supply of used cars as owners hold on to their existing vehicles - association
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Malaysia , Japan , Japanese , Tony-khor , Federation-of-motor , Perodua , Credit-companies-association-of-malaysia , Companies-association , Datuk-seri-wee-ka-siong ,

Slow delivery of new cars starting to affect used vehicle market

KUALA LUMPUR, June 16 — Supply disruptions affecting the delivery of new vehicles have slowed the inflow of trade-ins to the used marketplace, said Federation of Motor and Credit...

Kuala-lumpur , Malaysia , Malaysian , Datuk-aishah-ahmad , Datuk-tony-khor , Alan-cheah , Federation-of-motor , Malaysian-automotive-association , Credit-companies-association-of-malaysia , Companies-association , Datuk-tony , Certified-malaysia

Govt may extend vehicular sales tax exemption to aid automobile industry's recovery, says Dr Wee

PETALING JAYA: The Government may extend the sales tax exemption for new vehicles to aid recovery for the automobile industry, which has been facing many challenges during the lockdown, says Dr Wee Ka Siong.

Petaling , Malaysia-general- , Malaysia , Datuk-tony-khor , Federation-of-motor , Credit-companies-associations-of-malaysia , Transport-minister , Companies-associations , Transport-ministry , Digitalisation-blueprint , Federation-of-motor-and-credit-companies-associations-malaysia , Fmccam

Used car dealers embrace digitalisation to keep up with the times

The industry was able to transact 90,000 vehicles a month via eAuto platform.

Tony-khor , Federation-of-motor , Credit-companies-associations-of-malaysia , Companies-associations , Digitalising , Eauto , Used-cars , Fmccam ,

Used car industry in for double-digit growth

Pandemic spurs online campaigns, sales

China , Kuala-lumpur , Malaysia , Philippines , United-states , South-korea , Singapore , Malaysian , Datuk-tony-khor , Federation-of-motor , Malaysian-automotive-association , Credit-companies-association-of-malaysia

Shifting into top gear in Q4

Auto demand seen surging on tax exemption benefit

Kuala-lumpur , Malaysia , Malaysian , Datuk-aishah-ahmad , Alexander-chia , Datuk-tony-khor , National-recovery-plan , Federation-of-motor , Malaysian-automotive-association , Credit-companies-association-of-malaysia , Investment-bank-bhd , Automotive-association

Industry driven by strong sales

Vehicle saless
PETALING JAYA: Sales of used cars, which have remained solid in the first quarter of this year, are expected to maintain its steady momentum at least until the first half of 2021, led mainly by the on-going sales tax exemption on vehicles.
On a year-on-year basis, Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor (pic below) said sales of used cars have been better in the first quarter of 2021, compared with the same period last year.
“The better sales can be attributed to the tax holiday, ” he told StarBiz.Khor added that the economic uncertainty created by the Covid-19 pandemic had also spurred used car sales.

Malaysia , Petaling , Malaysia-general , Malaysian , Datuk-tony-khor , Starbiz-khor , Federation-of-motor , Malaysian-automotive-association , Credit-companies-association-of-malaysia , Companies-association , Auto , Used-cars