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10 Jan
04:24

BMI sees Asia's auto sales rising in 2024

The Asian automotive market is expected to witness more moderate growth in 2024, with projections indicating a 2.3% increase in car sales to around 46.2 million vehicles, Kallanish notes from BMI Industry Research.  BMI says in a note that this can be attributed to several macroeconomic factors including the peak in borrowing costs, which suggests that the expense of vehicle financing will likely remain stable, or not increase significantly. This stability is…
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