Malaysia auto sales surge 25pc in March
Malaysia's auto sales surged 25 percent year-on-year in March, an industry group said Wednesday, as consumer confidence rose in Southeast Asia's biggest passenger car market.
The Malaysian Automotive Association (MAA) said sales of new motor vehicles increased to 56,139 units in March, up from 44,896 in the same month last year.
The group added that it expected sales to continue to rise with "production being stepped up to meet the growing demand."
"Sales in March continued its upward trend. Market sentiments and consumer confidence continued to improve," MAA said in a statement.
Total sales from January to March was 147,415 units. MAA hopes vehicle sales will hit 550,000 for the year 2010.
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