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COPYRIGHT 2007 Asia Pulse Pty Ltd
KUALA LUMPUR, Dec 31 Asia Pulse - Promising signs were seen in the Malaysian automotive sector this year after one-and-a-half-years of lacklustre sales, thanks to new models, easing of restrictions in hire-purchase loans, improving consumer confidence and a steady job market.
The sector clearly regained momentum in the second half of this year, boosted by fiscal stimulus, including a significant pay hike for civil servants.
But the current impressive run may be affected by rising inflation, including the possibility of another hike in petrol price and toll rates.
"The Malaysian car industry is going through a new phase, a very competitive one. It is an uphill battle for some," said an auto analyst said when commenting on the outlook of the industry.
"Although signs of recovery were seen in car sales, it is unlikely for the industry to continue the momentum next year if...
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