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.

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