Increase of sales of vehicles for July, better sales expected in August

The growth figure however is lower than the year-to-date as compared to the month before (June) which dropped by 20%. The decline was mainly due to back orders from the previous month which needed to be fulfilled as well as the cautious steps the automotive companies took to help negate the impact of the recent announcement of the increase in interest rates for hire purchase. MAA also said that as for August 2010, sales would most likely be better than July as it coincides with the Hari Raya season.