UPDATE 1-Malaysia 2004 auto sales seen at record high

Newswire

(Recasts, adds details) KUALA LUMPUR, Dec 21 (Reuters) - Malaysian sales of new vehicles rose 16.2 percent in the first 11 months of this year to 435,051 units, with full-year sales likely to hit a record high, a trade body said on Tuesday. The Malaysian Automotive Association said attractive auto financing rates, wider choices and a strong economy helped lift demand in Southeast Asia's top car market after Thailand. Rates for car loans start as low as 2.8 percent a year. The ...

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