PETALING JAYA: The Malaysian Automotive Association (MAA) expects vehicle sales growth to slow sharply to 3% this year compared with the surge of 13% last year, said president Datuk Aishah Ahmad.
A slower growth was expected and it was anticipated there would be further interest rates hikes and more stringent approvals for hire purchase, as well as a shorter repayment period from nine to seven years, she told reporters at a briefing yesterday.
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