According to the statistics published by the Malaysiam Automotive Association (MAA(, new car sales in the country has gone up in post Movement Order Control (MCO). The car sales for June 2020 has increased by 5 percent compared to June 2019.
The Federation of Motor and Credit Companies Association of Malaysia (FMCCAM), the governing body for used cars, has reported a 100 percent increase in take up rate since the RMCO (Recovery movement order control) began in early May.
Both the MAA and FMCCAM see the months ahead to continue an upward trend. The buyers are currently looking at plenty of good rebates and special offers by new and used car dealerships. The people are trending towards cheaper and fuel efficient cars. In addition, the Malaysian government’s exemption on car sales tax until the end of the year, announced in mid-year, has spurred people to buy new cars.
Besides the very attractive offers and discounts out there, the reason why people prefer to own cars is to refrain from public transportation, due to the pandemic. Malaysians are concerned about the safety of public transportation in the face of the pandemic situation, preferring to self-drive as a safety measure. A local survey showed the majority of participants would not take public transportation and they would consider getting a car in the next six months or so.
The MAA has announced that the car buying trend is likely to attribute to affordable and fuel efficient cars; most people are willing to spend any way under a RM100K for a car. Of course, price and discounts greatly influence buying decisions. With most people looking cars under RM100k, the options include models from the two National and non-National makes such as Honda City, Nissan Almera, Perodua Bezza, Perodua Axia, Perodua Aruz, Proton X70, Proton Saga, and Toyota Vios.
Although car sales has picked up since the RMCO, the citizens in this country are cautious about spending and prefer to save for emergencies. For those who're committed to buying, they would expect car brands to up their after-sales game. These days, most people like the idea of convenience and not being required to be physically present in service centers or showrooms. Furthermore, more online showrooms and online financial solutions are available for test driving purposes, applying for loans and getting cars delivered to their very door steps.
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