Malaysia Autos Q1 2020
We believe total vehicle sales growth will slow in 2019 as higher consumer debt levels stave off demand for more vehiclefinance for the purchase of new passenger vehicles. For commercial vehicles, we anticipate the resumption in previously cancelledinfrastructure projects related to the Belt and Road Initiative to drive medium-to-long term demand. In the short term we expect theconstruction sector to adopt a wait-and-see approach before making any commercial vehicle purchases.
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