Demand for diesel vehicles remains high despite rising fuel prices due to subsidy rationalization – MAA
The Malaysian Automobile Association (MAA) said it does not expect diesel vehicle sales to be seriously affected by the government’s policy. Targeted diesel subsidy programbegan earlier this week and has seen retail prices of Euro 5 B10 and B20 diesel on the peninsula increase from RM2.15 ARRIVE RM3.35 per liter.
In a statement, the association said it anticipates that total industry sales (TIV) for the year will continue at planned levels, with any changes in volumes not reflecting much on TIV, as Diesel vehicles account for less than 12%. on domestic vehicle registration.
It’s unclear how the move will impact sales immediately, but clearer signs will emerge over the next month or so. However, any decline in numbers is likely to be temporary.
This is because the association believes that demand for commercial diesel vehicles, pickup truck and trucks are expected to remain high. They said that, in addition to personal use, diesel vehicle users mainly come from the construction, farming, logistics, tourism and transportation sectors, and such vehicles are important to many business activities in these fields.
They added that while consumers will be cautious in making their initial purchase decision, they will not delay purchasing a diesel vehicle for long because of their essential use in the long term. many applications.
However, the association believes that having an accurate and effective discount mechanism is very important, and calls on the government to clearly set subsidy quotas for the transport industry to prevent operators from increase transport rates, which will affect the public and the country’s competitiveness. .
Looking to sell your car? Sell it with carrot.
