Penang Buys 12 Camrys For Official Use
News: Malaysia's Penang state government is planning to spend around US$513,000 on the purchase of 15 new Toyota Camry cars, The Star Online reports. The new cars will be used by the officials to replace its existing fleet of cars - which are up to 21 years old. Despite Toyota Camry models being priced at US$52,823 each, Penang state officials hope to only pay US$34,356 for each car by obtaining a tax exemption from Malaysia's Customs Department.
BMI View: New vehicle sales have continued to grow strongly over the first four months of 2013, with the industry seemingly largely unaffected by the run-up to the general elections of May 2013. According to figures released by the Malaysian Automotive Association in mid-May, a total of 210,153 vehicles were sold in Malaysia over the Jan-Apr period, representing an increase of 12.8% y-o-y . Breaking down the headline figure, there we re 185,253 passenger cars sold over 4M13, up by 12.8%, and 24,900 commercial vehicles , up by 12.9%.