Value Investor Research
ECM: Automotive: Lending rules hurting car sales
value_investor
Publish date: Mon, 20 Feb 2012, 09:50 AM
Bank Negara Malaysia's (BNM) responsible lending guidelines have come at a time when the automotive sector is seeing a softening market. Low-income buyers and lower-end manufacturers are expected to be the hardest hit. According to a report The Edge Financial Daily, new car loans for 2012 are expected to slow down by about 10% industry-wide with a 5% slowdown in the high-end market and 20% for national carmakers. (Financial Daily)
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