Buy custom Nature of Automobile Markets in Thailand and Malaysia
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2382 |
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It produced 377952 cars, 125021 commercial vehicles which totalled 502973 and experienced a decline of 10.8% from the year before.
Aseansources.com states that: “To-date, there are four national automotive projects, ten assemblers and three composite body sports car manufacturers in the country that manufacture/assemble a wide range of makes and models...
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There are also more than 590 component manufacturers, both local and foreign, to supply the needs of the automotive industry.â€
Domestic Market:
Malaysia has the biggest passenger car market in ASEAN and sold 366738 in 2006.
Nevertheless a 6% decline is expected and this is due to “and this was due to the sagging consumer confidence, hostile loan condition and the dismal resale value...
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