“Not too far into the future, what we will see is that there will be an increase in used car market share compared to new cars,” he told BizHive in an exclusive interview. “On behalf of all MAA members, we thank the government, especially the Ministry of International Trade and Industry for allowing the automotive sector to operate,” Aishah said.Īccording to online used car trading platform myTukar Sdn Bhd (myTukar) chief executive officer Jeffrey Ong, the used car industry is very much driven by the end consumer’s demand, where businesses will need to keep up with this demand and innovate further to provide better value for the consumers of used cars. The government recently announced 11 activities allowed to reopen under NRP Phase 1, including car wash centres, car accessory shops, car sales and distribution centres. It is a huge relief that finally we are allowed to resume our businesses and to revive our industry.” “We have used up much of our savings over the past one year. “The industry cannot sustain itself if the shutdown is prolonged. Likewise, automotive production recorded in June and July were only 276 and 2,775 units respectively, compared to an average total production of between 40,000 to 50,000 units per month. MAA noted sales in July mainly came from Sabah and Sarawak where showrooms are allowed to operate under Phase 2 of the National Recovery Plan (NRP) and very minimal sales via online registration. These numbers were a stark contrast to typical monthly sales between 45,000 to 50,000 units. Meanwhile, the auto sector only registered 1,921 and 7,086 units in sales for June and July, respectively, according to figures from the national industry body. To note, automotive players had to temporarily suspend their motor vehicles production plants, distributions centres and sales centres from June 1, 2021.

“All in all, these losses had been very substantial and unprecedented,” Aishah said in a statement. MAA president Datuk Aishah Ahmad (picture) said its members, which constitute about 1,300 dealers nationwide, had also lost much in revenue from exports of vehicles and components as well as sales of spare parts locally.

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