TIV was up 2.9% yoy in July 2010, with 53,482 units being sold. The flattish growth was mainly due to the high base effect of July 2009’s TIV; but in general the sustained volume serves as a testament of the strong automotive sector growth alaysia has enjoyed since the beginning of 2010. YTD TIV of 354,559 achieved 60.3% of our full-year forecasts of 587,698 and 62.2% of MAA’s forecast of 570,000.
Motor : TIV Growth Maintained - 17/08/2010
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