Used car dealers lose RM400 million in 3 months

Noel Achariam

It is estimated that used car dealers nationwide have about 90,000 vehicles worth RM3 billion in their inventory. – EPA pic, September 13, 2021.

USED car dealers, who said they have lost RM400 million in revenue in the past three months, are hopeful that they can rebuild as more states enter phase 2 of the national recovery plan.

The decline in sales for new and used vehicles was due to the strict lockdowns caused by a spike in cases from July to August, they told The Malaysian Insight.

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