Sales of new vehicles rise 5.2pct to 56,670 units in October

KUALA LUMPUR: New vehicle sales rose 5.2 per cent to 56,670 units in October from 53,870 units recorded a year ago.

The Malaysian Automotive Association (MAA) said this was mainly driven by new models launches and ongoing aggressive promotional campaigns by car companies.

Of the total new vehicles sold last month, 51,795 units were passenger vehicles (PV) while the remaining of 4,875 units were commercial vehicles (CV).

Year-to-date (YTD), MAA said new vehicles sales had dropped 19.9 per cent to 398,159 units from 496,855 units delivered a year ago.

Meanwhile, production of new vehicles in October increased to 58,631 units from 55,775 units produced in the same month last year.

Of the total, 55,063 units produced were PV and the remaining 3,568 units were CV.

YTD production of new vehicles shrank 22.2 per cent to 374,494 units from 481,428 units.

MAA said sales volume in November 2020 was expected to be lower than the October level due to one full-month impact from the implementation of Conditional Movement Control Order for all states in Peninsula Malaysia except Perlis, Pahang and Kelantan.

“We also anticipate a reduction in traffic volume to automotive showrooms,” it added.

Source: NST