TIV up 15.6% yoy in May 2010. Total industry volume (TIV) increased by 15.6% yoy in May 2010 (vs. +17.1% yoy in Apr 2010) with 50,845 units sold (vs. 48,812 units in Apr 2010) thanks to:
(1) Sustained pent-up demand from 2009; and
(2) Increased production by key car makers/assemblers, driven by order backlog.
Motor - May TIV Rises 15.6% YoY, 4.2% MoM - 23/6/2010
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