March TIV hit a 53-month high since Oct 05. Malaysia’s automotive industry TIV increased by 25.0% yoy (vs. +8.7% yoy in Feb 2010) with 56,139 units sold (vs. 40,654 units in Feb 2010). Note that March’s TIV is the 53-month high since Oct 05, suggesting that the sector is poised to register a stronger growth in 2010. We believe the stronger growth is largely due to the low base factor arising from the sharp contraction beginning Oct 08 as well as pent-up demand stemming from car buyers postponing big-ticket purchases in 2009.
Motor : March TIV Hit 53-Month High - 23/04/2010
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