Sales Look Set To Outperform BMI Projections

New vehicle sales in Malaysia rose 20% in H110, which even when factoring in a slowdown in H2 due to base effects in the earlier months, puts the market on track to surpass BMI's original forecast of 544,000 units. Taking into account our Country Risk team's view that private consumption will be driven by solid economic growth (4.9% in 2010), we have revised our total vehicle sales forecast up to 571,470 units, a rise of 6.4% year-on-year

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