New vehicle sales in Malaysia fell by 15.3% year-on-year in March to 53,583 units, compared with a record high of 63,265 units a year earlier, according to the Malaysian Automotive Association (MAA).
New vehicle sales in Malaysia fell by 15.3% year-on-year in March to 53,583 units, compared with a record high of 63,265 units a year earlier, according to the Malaysian Automotive Association (MAA).
The fall reflects the adoption of tougher lending rules by banks and new administrative procedures that are said to have slowed the registration process of new vehicles.
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