Companies / Malaysia
Malaysian Auto Market In Free-Fall
November 2006 | BMI ViewA continuing decline in Malaysia's new vehicle sales, down 11.3% y-o-y as of October, suggests that there is little hope of a return to growth in the remainder of 2006. Indeed, BMI's recently produced Malaysia Automotives Report includes a revised forecast, which projects sales of around 481,500 units in 2006, down 12% y-o-y. Production will also take a downward turn, despite the government's attempts to encourage the current incumbents to increase output, while rationalising models in order to streamline the industry. Production for the first 10 months of the year combined fell from 466,172 units in 2005 to 428,937 units.
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