8.1% decline in automotive sales expected


  • Business Premium
  • Wednesday, 07 Jan 2009

KUALA LUMPUR: Research company Frost & Sullivan expects local automotive sales to decline 8.1% to 501,500 units this year.

Partner and head of automotive and transportation practice for Asia-Pacific, Kavan Mukhtyar, attributed the negative growth to a lack of new mass market models and the global economic downturn.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Pharmaniaga posts net profit of RM27.72mil in 1Q, declares 0.8 sen div Premium
FBM KLCI stays positive amid volatility in plantations stocks Premium
MPIC in the midst of discussions with MoF to slash palm oil export tax Premium
Khazanah partners SK ecoplant to help grow waste management services unit Premium
Ringgit rebounds against US$ at opening Premium
Watch out for potential policy changes on Indonesian CPO, says RHB Premium
Bursa bounces higher in anticipation of firmer earnings Premium
Trading ideas: Bintulu Port, TPC Plus, GIIB, Southern Acids, Magnum, Kobay Technology, Tomei Consolidated, Dayang Enterprise, Petronas Gas and Hup Seng Industries Premium
UK consumer morale hits lowest since records began in 1974 Premium
Japan, guarding against weak yen, urges G7 reaffirm FX agreement Premium

Others Also Read