Economy is not in a good shape now and personal financial had been greatly affected by it. 56% malaysian plan to use their current car rather than buying a new car. Read the full story from Bernama below.
URBANS MALAYSIAN PLAN TO USE THEIR CURRENT VEHICLES RATHER THAN BUYING A NEW ONE
KUALA LUMPUR, July 9 (Bernama) — An estimated 56 percent of Malaysians living in the Klang Valley, Penang, Johor Baharu and Ipoh plan to use their existing cars or motorcycles this year without buying a new replacement, according to Synovate Motoresearch.
The company, part of global market research firm Synovate, said close to half indicated that they do not mind paying more for a used pre-approved or certified car if it came with a warranty from a manufacturer or authorised dealer.
The company surveyed more than 13,500 people across 18 markets about vehicle ownership, intentions to buy in the next year and attitudes towards cars, traffic, public transport and “green” versus “dream” cars.
Ajay Bangia of Synovate Motoresearch Malaysia said in the statement today that given the current uncertainties, it was hardly surprising that urban Malaysians are opting to hold on to their existing vehicles.
However, Synovate Motoresearch discovered a greater sense of openness towards the second hand or used car market.
In that sense, he said auto manufacturers and authorised dealers should not dismiss the opportunity to capitalise on pushing used pre-approved and certified passenger vehicles to this consumer segment.
The survey also found that only eight percent of Malaysians would use public transportation, walk or cycle more while 41 percent were too lazy to walk, cycle or use any form of public transportation.
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