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Malaysia September New Vehicle Sales Up 53 Per Cent
Sales of passenger vehicle accounted for 64,701 units while commercial vehicles comprised 4,688 units in September.
MAA Expects Sales in October Similar to September Level
According to vehicle sales data released by the Malaysian Automotive Association (MAA) recently, new vehicle sales have increased 53 per cent, from 44,227 units in September 2021 to 67,659 units. Sales of passenger vehicle accounted for 64,701 units while commercial vehicles comprised 4,688 units in September.
The year-to-date total vehicle sales figure increased 62 per cent to 516,798 units from 318, 827 units a year ago.
Total production was up from 45,972 units produced in September 2021 compared to 69,398 units in September 2022. Year-to-date, vehicle production increased from 303,996 to 508,761 units.
Meanwhile, the Total Industry Volume (TIV) for September 2022 was 0.1 per cent higher than August 2022 (which was at 67,560 units). MAA expects that sales in October will be similar to September levels, with car companies continuing to fulfil many of the bookings received prior to 30th June 2022.
“Supply and chips problem are still ongoing and affecting some markets,” said MAA.