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NEWS UPDATES 18 January 2010

Malaysia: Used car dealers uncertain over prospects in 2010

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Despite improving economic conditions in 2010, many local used car dealers in Malaysia are maintaining a cautious outlook for the year, reported the StarBiz business daily.

Kuala Lumpur-based used car dealer Dave Foong said he was neither optimistic nor pessimistic about the used car horizon in Malaysia, claiming that it was “still too early” to determine what was in store for the market for 2010.

“The market still seems uncertain. People are very careful about how they want to spend their money,” he told StarBiz.

“If there is a significant economic turnaround, people will start buying, but for now it’s hard to determine if (sales for) 2010 will be better than 2009,” said the manager of Zaibi Motor Sdn Bhd in Bangsar.


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