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March Sees 60% Drop in Car Sales as COVID-19 Takes Hold

Image: HeinzTeh, Shutterstock

According to figures released by the Malaysian Automotive Association, year-on-year passenger vehicle sales saw a drop of almost 60% in March as the government implemented phase 1 of the Movement Control Order (MCO) to prevent the spread of COVID-19.

Car Sales Halted by COVID-19

Following the trend of other automotive sectors across the globe, vehicle sales in Malaysia have been immensely impacted by the containment measures enforced by the government. March saw 20,260 passenger vehicle sales registered compared with 50,101 in the same period in 2019.

The worst could still be yet to come with April's figures due to arrive as the Malaysian Automotive Association hinted at very few sales in the month due the extension of the MCO.

 

About the author

Richard Wilson is a correspondent for The Tyreman. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, Commercial Tyre Business and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

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