January vehicle sales down after sales promotions, offers over


In a statement yesterday, the association said sales volume in January was 19% or 10,154 units lower than December 2017.

KUALA LUMPUR: January vehicle sales fell 19% to 44,575 units from December 2017 and the Malaysian Automotive Association (MAA) expects slower sales for February due to shorter working month.

The MAA said on Wednesday of the 44,575 units sold in January, 39,108 were passenger vehicles and the remaining 5,557 were commercial vehicles.

“Sales promotion and offers by car companies in the previous month (December) resulted in most sales were concluded in December,” it said.

The sales volume in January was down 0.2% from a year ago.

On the outlook for February, the MAA expected the sales volume to be lower than January's, citing the short working mont due to the Chinese New Year festive holidays.

The MAA pointed that production in January was higher at 68,002 units compared with 45,532 a year ago. Of the number, 64,333 were passenger vehicles and the remaining 3,669 commercial vehicles.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Brazil at sweet spot for Malaysian semiconductor industry to de-risk supply chain - Tengku Zafrul
Dialog posts higher net profit of RM150.97mil in 1Q
SC: Innovation and collaboration crucial to drive market resilience
Supreme Consolidated IPO oversubscribed by 349.42 times
Ringgit ends higher on weaker demand for greenback
Eden Inc bags RM20mil Health Ministry contract
Airbus Helicopters eyes growth in Malaysia, Asia-Pacific amid rising ems demand
TCS wins RM611.3mil contract for Pan Borneo Highway project
Dutch Lady cautiously optimistic outlook
Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil

Others Also Read