Research and Investment Prospect of China Electric Vehicle Charging Station and Charging Pile Market, 2014
- Language: English
- 75 Pages
- Published: October 2014
- Region: China
Malaysia has one of the most well-developed automotive industries in the Association of South-East Asian Nations (ASEAN) and will remain an important regional market for motor vehicles and parts in 2015-19.
Sales growth continued its downward trend from the second half of 2014 after Bank Negara Malaysia (BNM, the central bank) lifted its policy interest rate. Additionally, the introduction of a 6% goods and services tax (GST) in April 2015 pulled forward sales, resulting in a sudden downturn since April.
Overall vehicle sales fell to 51,254 units in May, down by 8.4% year on year, while sales over the first five months of the year were down 3.6% over the same period of 2014. However, the negative effects of the tax will wane, while the effect of somewhat higher interest rates in 2015-19 will be more than offset by solid economic growth and rising incomes.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Automotive Report Malaysia
Automotive report: Overview
Automotive report: Passenger cars
Automotive report: Commercial and other vehicles
Automotive report: Production
Automotive report: Fuel sources
Research in Motion