Cars selling at knock-down prices

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Cars selling at knock-down prices
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SUBANG JAYA: Heavy rain since 4pm on Sunday (Nov 5) has caused flash floods, affecting a popular mall here as well.

Year-end promotion: Prospective buyers visiting a used car dealership in Petaling Jaya. — IZZRAFIQ ALIAS/The Star

Ooi, who has been in the business for 35 years, said Perodua was a popular choice in the used-car trade as it depreciated at less than 10%.“There is a market for Perodua cars, more than Proton vehicles,” he said when met at his second-hand car shop in Batu Lanchang.Ooi said the market was still recovering from the pandemic.“Sometimes we even sell it at a loss just to let it go. The reason is that the longer we keep it, the longer our money is tied up, plus the depreciation rate.

“The car is considered a year old in two months even though it was made in the last quarter of this year. However, he said used cars would not get much discounts due to the fact they were already sold at a depreciated price. He added that due to the high price point of new cars, even after getting a discount and old car prices barely changing, eager car owners should only consider getting a new one if needed.A used car dealer operating near Batu Caves said that while other dealers were selling their cars at lower prices to clear stock, he remained adamant about not following the trend.

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