The Malaysian Association of Malay Vehicle Importers and Traders has issued a request to the ministry of trade, investment and industry to increase the number of approved permits for used vehicles from 35,000 units a year to 50,000 units a year, at the same import fee of RM10,000 for each AP,
“The Royal Malaysian Customs Department would also collect revenue from import and excise duties as well as road tax. This will also generate income for other industries involved such as the banking, insurance, vehicle warranty sectors and more,” Nazari said.policy has increased the number of AP holders from 100 companies to 300 companies, and therefore the current allocation of 35,000 APs annually is not sufficient for all Pekema members.
In terms of percentage, the proportion of vehicles imported with open APs consist of just 6.8% of the 725,000-unit projected total industry volume that has been forecast by the Malaysian Automotive Association .in July this year as vehicle sales in Malaysia in the first half of 2023 grew 10.3% year-on-year to 366,067 units. In addition, not all vehicles imported by Pekema are sold the same year they are imported, said Nazari.