CIMB Securities expects new vehicle sales to fall 7% to 760,000 units in 2025

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KUALA LUMPUR: The total industry volume (TIV) for new vehicle sales is expected to decline by seven per cent year-on-year to 760,000 units in 2025 from last year’s 816,674, said CIMB Securities Sdn Bhd.

CIMB Securities also forecasts a relatively stable overnight policy rate (OPR) for this year.

It said key catalysts for the sector are a strengthening of the ringgit against the US dollar and Japanese yen, a reduction in interest rates, and favourable government policies aimed at reviving domestic demand.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaJapan

Topics: CIMB Securities Car Auto /Business/Business News Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 11:15:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 354 words

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News ID: 25657621

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