ECONOMIC GROWTH FREES MALAYSIANS TO BUY FOREIGN CARS
February 1st, 2013
OVERSEAS car makers are gaining an increasing share of Malaysia's domestically-dominated automotive market, as strong economic growth drives demand for higher value cars.Total sales of new motor vehicles in 2012 grew by 27,630 units, a jump of 4.6% on 2011, with total industry volume (TIV) reaching 627,753 units, according to figures from the Malaysian Automotive Association (MAA). It said that sales of passenger vehicles grew 3.2% to 552,189 units, with sales of commercial vehicles increasing 16.2% to 75,564 units.The MAA said that it expects continued growth in ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.