Bumper season for used-car dealers

Bernard Saw

While many sectors are experiencing a downshift amid the Covid-19 pandemic, the second-hand car market is experiencing growth. – The Malaysian Insight file pic, May 24, 2020.

ABOUT 9,000 second-hand cars were bought and sold in just four days this week, indicating a shift in consumer spending in the face of an economic downturn precipitated by the Covid-19 pandemic and the consequent movement-control order to contain the outbreak.

Federation of Motor and Credit Companies Association of Malaysia president Tony Khor attributed the high trade volume of used cars to the ease of online transactions and the Hari Raya season when it is the custom to buy a new vehicle.

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