Malaysian new-vehicle sales slid 4.8% in February to 36,675 units, from prior-year’s 38,527, the Malaysian Automotive Assn. reports. The global recession, which hurt consumer confidence, as well as lenders becoming stricter in evaluating car-loan applications, were to blame for the country’s fifth straight month of declining sales, the MAA says. The February result was down 3.0% from January’s 37,801 deliveries. New-car sales fell 6.0% to 33,281 units from prior-year’s 35,437, while ...
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