PETALING JAYA: The government has postponed implementing a new formula on duties that will raise prices of completely-knocked-down (CKD) vehicles until next year, potentially saving car-buyers thousands of ringgit. Aishah said the government’s decision to postpone the duty increase on vehicles is unlikely to spur demand for vehicles this year. This was followed by Honda, Toyota and Nissan with 85,418 units, 69,091 units and 21,239 units, respectively. On Monday, Proton announced it is targeting a 30% jump in vehicle sales to 132,000 units for 2020, following a stellar performance last year. On Tuesday, Perodua said it expected flattish sales growth to 240,000 units for this year.

Source: The Star January 22, 2020 23:03 UTC