Malaysia Autos Report - Business Monitor International - Industry Reports

Malaysia Autos Report

Malaysia Autos Report - Business Monitor International - Industry Reports
Malaysia Autos Report
Published Aug 20, 2016
29 pages — Published Aug 20, 2016
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Abstract:

< ALACRA META ABSTRACT>BMI View: We forecast an -.- contraction in Malaysian vehicle sales in ---- as weak consumer and business confidence coupled with a moderation in growth in the construction industry drags on demand for both passenger cars and commercial vehicles. Passenger Car And Commercial Vehicle Sales (---------) Malaysia - Passenger car sales, units Malaysia - Commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- f = BMI forecast. ...< ALACRA META ABSTRACT>BMI View: We forecast an -.- contraction in Malaysian vehicle sales in ---- as weak consumer and business confidence coupled with a moderation in growth in the construction industry drags on demand for both passenger cars and commercial vehicles. Passenger Car And Commercial Vehicle Sales (---------) Malaysia - Passenger car sales, units Malaysia - Commercial vehicle sales, units ---- ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- f = BMI forecast. Source: BMI, MAA Key Views Vehicle sales will contract -.- in ----. ...Tight lending conditions will continue to make it difficult to obtain vehicle financing. A moderation in the construction industry will constrain growth in commercial vehicle sales.

...Furthermore, the effects of the - GST are gradually passing through the Malaysian economy, leading to higher input costs which are being passed down to consumers in the form of higher prices. The rising living costs resulting from this tax will lower consumer disposable income and weaken demand for new passenger car purchases. ...The rising living costs resulting from this tax will lower consumer disposable income and weaken demand for new passenger car purchases. Adding to this will be the continuation of more stringent hire purchase loan approvals which will affect consumers , particularity low income groups, ability to obtain financing for new car purchases. Banks in Malaysia have tightened lending conditions: this includes shortened hire purchase repayment periods to a maximum of seven years, compared to the previous nine-year repayment period. ...Banks in Malaysia have tightened lending conditions: this includes shortened hire purchase repayment periods to a maximum of seven years, compared to the previous nine-year repayment period. This will have the biggest impact on the lower income group, who will require larger down payments on vehicles and face higher monthly instalments.

...Sales of new passenger cars in H--- fell --.- y-o-y as tighter lending conditions and a downbeat economic outlook dragged on growth in the autos market (see chart above). The ongoing weakness in Malaysian exports stemming from the slowdown in the Chinese economy coupled with domestic headwinds due to the implementation of the goods and services tax (GST) will weigh on Malaysia s economic growth according to our Country Risk team, and we forecast ---- real GDP growth to come in at -.- , down from an expansion of -.- in ----. ...

  
Source:
Document ID
1749-0030
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Malaysia Autos Report" Aug 20, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Malaysia-Autos-Report-2026-9>
  
APA:
Business Monitor International - Industry Reports. (2016). Malaysia Autos Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Malaysia-Autos-Report-2026-9>
  
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