UPDATE 1-Malaysia April vehicle sales sag on rate hike

Newswire

(Adds details) KUALA LUMPUR, May 19 (Reuters) - Malaysia's total vehicle sales fell 5.3 percent in April from the same month last year to 40,482 units from 42,762, a trade body said on Friday. Passenger car sales dropped 7.0 percent to 30,610 units in April from 32,926 from a year earlier, the Malaysian Automotive Association said in a statement. The drop was due to higher interest rates, delays in new car purchases and uncertainty in new car prices, it said. Malaysia's central bank ...

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