Malaysia’s new-car sales fell 15.1% in March to 33,709 units as buyers reacted with caution to the country's new National Automotive Policy, which aims to spur growth in the market by cutting tax rates on vehicles. “The uncertainty and confusion on prices following the announcement of the new duties resulted in a wait-and-see situation,” the Malaysian Automotive Assn. says in a statement. MAA does not foresee an improvement in April sales, as consumers will remain cautious. National ...
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