UPDATE 2-Malaysia passenger car sales down 12 pct in H1

Newswire

(Adds quotes and background) KUALA LUMPUR, July 24 (Reuters) - Malaysian passenger vehicle sales sank 12 percent in the first half of 2003, industry data showed on Thursday, as drivers opted to wait and watch prices fall ahead of a planned cut in auto import duties. The skid in car sales accelerated from a 9.5 percent fall in the first five months of the year, with 161,265 units sold in the year through June, the Malaysian Automotive Association said. The trade body has also forecast ...

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