According to the Malaysian Automotive Association, the total industry volume sold in May is up, with a total of 22,960 new passenger vehicles registered.
Traffic to Car Showrooms Improved
Vehicle sales in April was probably the worst month for the Malaysian car market, with only 131 units of passenger vehicles registered due to the Covid-19 pandemic and the implementation of movement control order by the government.
Things have considerably improved as business resumed after the lifting of restriction for most economic activities. Traffic to car showrooms has improved after the announcement on sales tax exemption by the government.
According to the Malaysian Automotive Association (MAA), the total industry volume (TIV) sold in May is up, with a total of 22,960 new passenger vehicles registered, followed by 2,504 units of commercial vehicles. The year-to-date (YTD) cumulative sales figures for passenger vehicle as of May 2020 has dropped to 117,597 units from 232,285 units, while the commercial vehicle dropped to 11,964 from 21,445 over the same period in 2019.
As for production, 12,022 passenger vehicles and 264 units commercial vehicles were produced. The YTD for passenger vehicle as of May 2020 has declined to 113,769 from 230,726 units over the same period in 2019. Similarly, YTD for commercial vehicle was down from 16,837 to 7,236 units.
MAA said, JPJ resumed new vehicle passenger car registration only from 13th May onwards, and generally people were still fearful to come out and consumers’ sometimes remained cautious.
