13 Jun '18, 12pm

Car sales expected to jump by 50% during tax holiday

Car sales expected to jump by 50% during tax holiday

We’re two weeks in following the rollback of the Goods and Services Tax (GST) , a move which saw car prices fall by a considerable margin thanks to the zero-rated tax. Now, sales for passenger vehicles may jump as high as 50% during this “tax holiday” period, according to The Malaysian Reserve . The observation was made based on the public’s interest in cars within the past week. Proton’s vice president of sales and marketing, Abdul Rashid Musa said car bookings and dealership visitations have risen 50% for the national automaker, and the pull factors include the new tax rate and Hari Raya promotional campaign . “We are seeing an increasing interest among consumers with more bookings and number of dealership visitations. However, the true effect of the 0% GST would only be known by July onwards after the Hari Raya season ends,” Abdul Rashid told the publication. Currently,...

Full article: https://paultan.org/2018/06/13/car-sales-expected-to-jump...

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