MOTOR vehicle sales in March fell 5.5% to 35,130 units from 37,194 units a year earlier, largely owing to uncertainties created by the war in Iraq and the Severe Acute Respiratory Syndrome (SARS) outbreak, according to the Malaysian Automotive Association (MAA).
MAA also attributed the soft market to the consumers' wait-and-see attitude and the non-announcement of the automotive policy, which caused consumers to hold back purchases. It added that the financing of used cars continued to be depressed as a result of lower valuations.
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