“Besides, we believe the new 2020 and 2021 models, namely the Proton X50, Perodua sports-utility vehicle (SUV), new Honda City, Nissan Almera Turbo, Toyota Vios and Yaris, coupled with the increase in other completely-knocked-down models would help to drive sales higher this year,” TA Securities said
PETALING JAYA: The local automotive sector is expected to achieve double-digit sales growth in 2021, as analysts reckon that growth will be spurred by the anticipated economic recovery and the continued tax exemption on cars.
This is in contrast with the Malaysian Automotive Association’s (MAA) modest projection of an 8% growth for vehicle sales this year.
TA Securities, in a report yesterday, targeted 18.4% year-on-year (y-o-y) growth to 627,000 units this year.