March 2018 Malaysia vehicle sales up 23.2% from Feb

March 2018 Malaysia vehicle sales up 23.2% from Feb

The Malaysian Automotive Association (MAA) has released sales and production figures for the month of March 2018, which shows an improvement from the downward trend over the past few months.

Last month saw 49,985 vehicles being registered, representing an increase of about 23.2%, or 9,407 units from the month of February. The encouraging figures are largely due to March being a longer working month and companies rushing to deliver cars, specifically those that end their financial year on March 31.

Compared to the same month last year, the sales volume in March 2018 was 7%, or 3,733 units lower than in March 2017 that saw 53,718 vehicles being delivered. Interestingly, the number of passenger vehicles sold in March 2018 was less than in March 2017, but it is the opposite case for commercial vehicles.

As for year-to-date sales figures, the number currently stands at 135,140 units as of the end of March 2018. This is 4% less, or 5,700 units less when compared to the same period last year.

For the month of April, the association doesn’t expect much deviation from what it observed in March. It attributes this to consumers adopting a “wait and see” attitude ahead of the 14th general election set to take place in May.

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