UPDATE 1-Malaysia new vehicle sales down 6.9 pct in 2003

Newswire

(Recasts, adds detail, background) By Liau Y-Sing KUALA LUMPUR, Jan 27 (Reuters) - Malaysian new vehicle sales fell 6.9 percent year-on-year to 405,010 units in 2003, confirming Thailand's emergence as Southeast Asia's largest car market. Sluggish Malaysian sales, after record numbers in 2002, came as buyers stalled for lower prices with Malaysia's adherence to the region's free trade agreement. The Malaysian Automotive Association (MAA) said in a statement that with the government's ...

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