Bumpy ride for used-car dealers

Use-car dealers say consumers prefer to buy new cars compared to used cars for practical reasons.

USED-car dealers say they face a grim outlook in Perak, as there has been a sharp slowdown in the sales of second hand vehicles so far this year.

Used-car businesses interviewed by MetroPerak cited the economic situation in the country, the implementation of the Goods and Services Tax (GST) last year, and banks tightehning their bank loan approval processes, as the reasons behind the decline in revenues.