MKT: Statistics - Malaysia: Malaysia's CV market plunges 23% in Q1

摘要

Malaysia - The Malaysian commercial vehicle market over 2 tons gvw shrank by 22% to 9,697 units in the first quarter of 2020 from already weak year-earlier sales of 12,431 units, according to AsiaMotorBusiness.com based on industry retail data. Malaysia's economy performed better than expected in the first quarter, with GDP growth slowing to 0.7% year-on-year against widely held expectations of a 1.5% contraction - as fixed investment, domestic consumption and exports fell sharply in March. Growth had already slowed to 3.7% in the fourth quarter of 2019 and to 4.3% in the whole of 2019, from 4.7% in 2018 and a peak of 5.9% in 2017.