The Malaysian Automotive Association (MAA) announced record-breaking auto sales in 2023, with close to 800,000 units sold. This is the second consecutive year that total industry volume (TIV) exceeded 700,000 units. The passenger car sub-segment played a significant role in driving the sales, supported by a resilient domestic economy and stable socio-political environment.
Factors such as SST-exempt bookings, new model launches, and an improved industry supply chain also contributed to the strong performance
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