PETALING JAYA: The outlook for the automotive sector in Malaysia looks to be much brighter in the second half of the year, after suffering from auto parts supply woes due to the earthquake and tsunami in Japan in March and hiccups in vehicle registrations caused by the amended Hire-Purchase Act 1967 (HPA) that took effect on June 15.
A recent CIMB Research report showed that vehicle sales shot up 20% month-on-month in July, reversing three straight months of decline.
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