The on-going promotional campaigns by Malaysia’s car companies help increased car sales by 26 per cent.
On-Going Promotional Campaigns Contribute to Higher Vehicle Sales Volume
As compared to September last year, the Malaysian Automotive Association (MAA) said, the vehicle sales in Malaysia increased by 26 per cent to 56,444 units from 44,666 units in September this year. The sales of passenger vehicles up from 40,267 units in September to 51, 422 in September 2020, while the sales for commercial vehicles also rose to 5, 022 units from 4,399 units.
Sales volume for September 2020 was 7 per cent higher than August 2020, on a month-on-month basis.
According to MAA, the on-going promotional campaigns by car companies and higher production of models in September have contributed to the higher sales volume in September 2020.
On the total production side, 51,897 vehicles were produced in September 2020 as compared with 45,101 units in the same month last year. The production of passenger vehicle increased to 49,966 units in September 2020 as compared to 42,369 in September 2019, while the production of commercial vehicle reduced to 2,021 units from 2,732 units previously.
The MAA expected that the sales volume in October 2020 to be lower than September 2020 level due to the impact from the implementation of conditional movement control order (CMCO) and consumers being cautious with the ending of loans moratorium on 30th September 2020.
