New Vehicle Sales DROPPED 3% in February 2009

March 20, 2009 05:52 PM Author: Chips
Not surprisingly, February sales were down by 3% from January due to the month having less selling days. However, the Malaysian Automotive Association also attributed the drop to poor consumer confidence due to the global economic uncertainties and stricter loan approvals. Total vehicles sold during the month were 36,675 units, 5% lower than in February 2008. The association expects March sales to be slightly better as there are signs of positive consumer sentiment and more selling days.

Source: Motor Trader