KUALA LUMPUR : Research firm Frost & Sullivan expects the Malaysian automotive total industry volume (TIV) to reach 612,000 units in 2012. This is a yearly growth of 1.2% from the expected figure of 605,000 units in 2011.
Frost & Sullivan head of automotive and transportation practice Kavan Mukhtyar said its 2012 forecast comes amid an uncertain global economic outlook, limited new mass market model launches and concerns of lower loan approval rates for buyers.
"Banks will be more cautious," he said at a media conference on Thursday.
He said Malaysian TIV could still see annual growth of some 5% for the next 10 years. This compares to a 15 to 20% growth rate seen in the past.
Frost & Sullivan head of automotive and transportation practice Kavan Mukhtyar said its 2012 forecast comes amid an uncertain global economic outlook, limited new mass market model launches and concerns of lower loan approval rates for buyers.
"Banks will be more cautious," he said at a media conference on Thursday.
He said Malaysian TIV could still see annual growth of some 5% for the next 10 years. This compares to a 15 to 20% growth rate seen in the past.
