Over H113, new vehicle sales grew by 4% year-on-year (y-o-y), to reach 313,418 units, according to figures from the Malaysian Automotive Association (MAA). This headline figure was made up of 275,991 passenger cars, up 3.8%, and 37,497 commercial vehicles, up 6%. Although the passenger car segment underperformed the CV segment, BMI is happy to maintain its 2013 passenger car sales growth forecast of 4.1%, to 574,829 units. In line with our view, vehicle sales slowed down considerably in the past few months after their strong start to the year. One possible reason for this slowdown could have been that consumers …
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