Malaysia's CV market decline continued in Q1

摘要

Malaysia - Unlike many other countries in the region, the Malaysian commercial vehicle market over 2 tons gvw fell by 4.2% to 14, 109 units the first quarter of 2017, from an already depressed 14,627 units in the same period of last year, according to analysis of industry data by AsiaMotorBusiness. The continued market decline came despite a sharp rebound in the country's economy in the first quarter of the year, with GDP growth estimated at 5.6% year-on-year compared with 4.5% growth in the fourth quarter of 2016 on stronger domestic consumption and export growth.