September 2019 Malaysian vehicle sales down by 13%

The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of September 2019, which saw 44,666 vehicles being delivered during the period, a drop of 6,482 units – or 13% – from the 51,148 units recorded in August.

The September 2019 performance is however 43% higher than that in the corresponding month in 2018, an increase of 13,426 units over the 31,240 units shifted in September 2018, in which car sales slowed down considerably following the three-month tax relief period from June to August as a result of the goods and services tax (GST) being zero-rated.

As for the year-to-date total industry volume (TIV), the performance this year is slightly behind that of 2018, with 442,991 units delivered in the first nine months this year compared to 454,855 units in the same period last year.

The MAA said that the dip in sales last month was due to the short working month, which had many public holidays, as well as consumers adopting a wait-and-see attitude pending the Budget 2020 announcement. The association expects that the sales volume for October 2019 is expected to be better than September due to a longer working month.

The post September 2019 Malaysian vehicle sales down by 13% appeared first on Paul Tan's Automotive News.

from Paul Tan's Automotive News
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