PETALING JAYA: Vehicle sales in Malaysia this year are expected to drop for the first time in six years as subdued consumer sentiment, a sluggish economy, weaker ringgit and tighter lending requirements take its toll on the local automotive industry, according the Malaysia Automotive Association (MAA).
MAA forecast Malaysia’s total industry’s volume to drop by 2.5% to 650,000 units in 2016 against last year.
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