According to a Japanese-based online news magazine, Malaysia’s sales figures, which had come in third for a long time, topped Thailand’s through January-March 2024.
According to the Malaysian Automotive Association, auto sales increased 5% in the first quarter from a year earlier to 202,245 vehicles. This followed an 11% increase in 2023 to a record 799,731 vehicles.
The jump was reportedly a result of sales tax exemptions for domestically produced vehicles, resulting in increasing sales of national car brands Perodua and Proton.
Meanwhile, sales in Thailand saw a significant drop of 25% in the first quarter from a year earlier.
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