UPDATE 1-Malaysia sees record vehicle sales in 2002

Newswire

(Adds quotes, details, throughout) KUALA LUMPUR, Jan 24 (Reuters) - Malaysian new vehicle sales jumped nearly 10 percent to a record in 2002 driven by low interest rates and the launch of new models, but growth is likely to splutter this year as buyers wait for prices to fall. Sales rose to 434,954 units in 2002 from 396,381 the year before and compared with a previous record of 404,837 in 1997, the Malaysian Automotive Association said on Friday. But growth in sales is likely to slow ...

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