New vehicle sales in Malaysia rose by 15.1% to 68,431 units in July, from 59,459 units a year earlier, according to data released by the Malaysian Automotive Association (MAA).

Sales of passenger vehicles rose by 17.2% to 61,032 units, as consumers brought purchases forward ahead of the Hari Raya annual holidays. Consumers and businesses are also enjoying low interest rates and buoyant overall domestic sentiment. 

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Commercial vehicle sales were flat at 7,399 units in July, however. 

In the first seven months of 2013 new vehicle sales were up by 5.9% to 381,919 units, from 360,728 units a year earlier.

Sales in August are expected to be affected negatively by the long holidays and the forward buying by consumers.

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