Saturday, 26 March 2011

Malaysian auto group sees record sales

Malaysia's auto sales are on track to grow 2 percent to a record 618,000 vehicles this year, although production could be disrupted by parts shortages following Japan's earthquake and tsunami.

Last year, sales in Southeast Asia's largest passenger car market rose 12.7 percent to a record high of 605,156 vehicles. Malaysian Automotive Association president Aishah Ahmad said Friday that sales were up 4 percent in the first two months of this year with demand still going strong.

Japanese models account for about a third of vehicles sold in Malaysia, led by Toyota, Honda and Nissan. The three carmakers say their Malaysian factories are operating normally with sufficient stockpiles for about 3 months but prospects are clouded after that

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