Vehicle Sales Plummet in April As COVID19 Decimates Market
The damage told by COVID19 was laid out in its gruesome detail as the Malaysian Automotive Association revealed vehicle sales and production in the country for April with passenger and commercial vehicles recording more than a 99% drop in sales.
99% Drop in Vehicle Sales
Sales in passenger vehicles reached 131 units in April, which represents is more than 99% less than the 45,302 sold in the same period in 2019. Add the 10 commercial vehicle sales in Malaysia and the market see less than a 150 total sales for the month as COVID19 made its impact known. With the automotive sector not categorised as a high priority sector, all automotive operations were halted across the country until May 12.
Production told a similar story as only 275 vehicles were manufactured accounted for by 240 passenger and commercial vehicles respectively.
In their latest press communication the Malaysian Automotive Association stated that they expected sales volume to greatly increase from April's level, but that it would still be significantly lower than traditional figures seen at this time of year with businesses gradually resuming economic activities after the lifting of restrictions and consumer confidence yet to normalise.