Tuesday, January 22, 2019
Malaysia Passenger Car Sales : 2018
The government stopped charging VAT (GST) sales tax for three months June to August. As most cars sold here are locally assembled, it was to stimulate production. However, the upsurge in demand caught manufacturers off guard and it didn't fully achieve its goal. That said, I question the value of such moves anyway.
So the effect was that while car sales are up 3.6% for the year, they were 0%
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