UPDATE 2-Malaysia car sales seen picking up after '03 fall

Newswire

(Recasts, adds details) By Liau Y-Sing KUALA LUMPUR, Jan 27 (Reuters) - Malaysian new vehicle sales will rebound this year after falling 6.9 percent in 2003 although foreign car prices are expected to rise by as much as 10 percent under a new tax structure, an industry body said on Tuesday. The Malaysian Automotive Association (MAA), which groups almost all carmakers in the country, projected that new vehicle sales will grow five percent to 425,000 in 2004. After record sales in ...

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