UPDATE 1-Malaysia 2007 vehicle sales seen up 1.9 pct

Newswire

(Adds details) KUALA LUMPUR, Jan 25 (Reuters) - Vehicle sales in Malaysia are set to grow just 1.9 percent this year, weighed down by high credit costs, stringent loan approvals and a subdued economic outlook, a trade body said on Thursday. Shorter loan repayment periods, lower used car prices and costlier fuel would also crimp growth, the Malaysian Automotive Association said, predicting 2007 sales of 500,000 vehicles. The association, which represents vehicle assemblers, ...

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