Malaysian new-vehicle sales declined 17.0% in March to 38,619 units from year-ago’s 46,306. Industry analysts say the sales drop – the 14th year-over-year decline in a row – is due to the lower value of used cars, higher fuel prices and interest rates, and stricter lending rules. However, March sales were up 23%, or 7,331 units, from February’s 31,288, the Malaysian Automotive Assn. says. Sales for the year’s first three months were off 15.0% to 104,950 units from 123,952 in ...
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