Vehicle sales down for 2nd consecutive month
Sales volume in May slid by 8,667 units or 15% from a year ago
KUALA LUMPUR: Total industry volume (TIV) for vehicles declined for the second consecutive month with May's sales volume lower than April's by 2,855 units or 5.4%.
According to the Malaysian Automotive Association (MAA), sales volume in May slid by 8,667 units or 15% from a year ago.
“This is largely due to consumers adopting a wait-and-see attitude due to uncertainties in the market,” it said in a press release yesterday.
Nevertheless, the sales and production of passenger vehicles showed a growth for the first five months of this year against the corresponding period in 2012.
Both sales of passenger vehicles and production were up by 1.06% year-on-year.
On the other hand, sales of commercial vehicles and production were down by 1.08% and 0.91% respectively year-to-date compared with the first five-month of 2012.
On a positive note, the association expects sales to pick up this month due to the upcoming festive promotions.
Total vehicle sales in Malaysia grew 4.6% to hit a record high last year, with TIV at 627,753 units.
It was also the third consecutive year that the TIV had surpassed the 600,000-unit level, according to the MAA.
It has forecast the TIV to grow to 640,000 units this year.
Source : The Star
Date : 19 June 2013
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