Used car sales unaffected by pandemic: Wee Ka Siong

Used car sales unaffected by pandemic: Wee Ka Siong

Malaysian used car sales have been unaffected by the Covid-19 pandemic, said transport minister Datuk Seri Wee Ka Siong. This is because industry players have an online presence, enabling them to keep serving the public during the movement control order, The Star reports.

Wee was referring particularly to the Temporary Ownership Transfer System and the eSerahan Tukar Milik (eSTM), which allow motorists to conduct vehicle ownership transfer without visiting Road Transport Department (JPJ) offices. He also said members of the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM) were very willing to embrace the technology.

“Because they were bold to embrace technology and offer online services, the automobile industry can still serve the public during the MCO. Their efforts to go online also paid off handsomely as online vehicle ownership transfers account for an average of RM40 million each year,” Wee said during a speech at FMCCAM’s recent virtual 43rd annual general meeting.

Used car sales have not been affected by the pandemic, save for the initial lockdown period in March and April last year. While most business sectors are impacted by the pandemic, FMCCAM president Datuk Khor Chong Boon said used car sales had grown 20%, with 347,000 online ownership transfers taking place between January and May this year.

Used car sales unaffected by pandemic: Wee Ka Siong

Read our guide to buying used cars, here

“Last year, we achieved our target and saw 601,000 ownership transfers. This would not have happened without the systems as these cases would have required 1.2 million trips and manpower if done offline,” Khor explained. It’s also easier for JPJ as the online system digitally processes the collection fee (an average of RM40 mil annually).

However, Khor urged the government to further simply this process by allowing partners to print out a copy of the vehicle ownership certificate. Presently, this can only be done at JPJ offices.

“As for the road tax document, all our members are ready to invest and set up kiosks at all state associations and key auto cities to make things easier, without passing the burden to the buyers. We also call on the government to allow us to conduct vehicle inspection by setting up a working committee together and include our participation while drafting relevant policies,” he added.

Under the system, ownership of vehicles can be transferred to used car dealers for a period of up to six months. Both parties (the owner and the used car dealer) will need their MyKad and thumbprint for verification. If the vehicles are not sold within this period, then ownership automatically becomes permanent for the used car dealer.

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Matthew H Tong

An ardent believer that fun cars need not be fast and fast cars may not always be fun. Matt advocates the purity and simplicity of manually swapping cogs while coping in silence of its impending doom. Matt's not hot. Never hot.

 

Comments

  • klguy on Jun 15, 2021 at 11:37 am

    wat tis Ah Pek talking about? JPJ is not in operation past 2 weeks, and for the next 2 weeks, no new or old vehicles can be sold/purchased….

    Like or Dislike: Thumb up 4 Thumb down 7
    • English Teacher on Jun 16, 2021 at 10:55 pm

      Learn to read
      “All JPJ counters handling ownership change (tukar hak milik) will be closed, but online transactions can be done via e-auto or MyEG”
      https://paultan.org/2021/06/01/jpj-puspakom-apad-to-close-during-fmco-60-days-leeway-for-lesen-road-tax-name-change-on-myeg-only/

      Like or Dislike: Thumb up 1 Thumb down 0
  • Ella Who At Bar on Jun 15, 2021 at 11:58 am

    He should stepped down & responsibled for the horrendous LRT crash #Gagal

    Like or Dislike: Thumb up 7 Thumb down 10
    • Kantoi But Still Wanna Defend on Jun 16, 2021 at 10:50 pm

      But why?
      Train crash in Pakistan, hundreds died. Nobody step down.
      Train crash in Mexico, hundreds died. Nobody step down.
      Train crash in Msia, nobody died?

      Like or Dislike: Thumb up 3 Thumb down 0
      • One of the Rakyat on Jun 18, 2021 at 11:19 am

        We should not compare our country with selected other countries with worst records than us. To pregress as a country, we should set our own standard. incompetent ministers and public servants must go to give ways to competent new bloods.

        Like or Dislike: Thumb up 1 Thumb down 1
  • Mr Cent-sible on Jun 15, 2021 at 12:41 pm

    Everyone with eyes, ears and brain knows what happened to used car sales business during MCO, EMCO, etc.

    …..should we take the news with pinch of salt?

    Like or Dislike: Thumb up 6 Thumb down 2
    • English Teacher on Jun 16, 2021 at 10:56 pm

      Learn to read
      “FMCCAM president Datuk Khor Chong Boon said used car sales had grown 20%, with 347,000 online ownership transfers taking place between January and May this year.

      Last year, we achieved our target and saw 601,000 ownership transfers.”

      Like or Dislike: Thumb up 1 Thumb down 0
  • Proton and perodua sales also booming. That means consumers cannot afford the more expensive foreign makes and must resort to used car or national cars,

    Like or Dislike: Thumb up 2 Thumb down 0
  • stranger on Jun 15, 2021 at 4:45 pm

    OR….people cant afford new car and buy used car instead.cheaper option since no choice financially cannot afford but it is a need.can’t rely on public transport too.another way of looking at it rather than saying “no impact”

    Like or Dislike: Thumb up 4 Thumb down 0
  • Puspakom close how to kaodim ownership transfer?

    Like or Dislike: Thumb up 5 Thumb down 0
 

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