Car sales up in October, compared with a year ago

Car sales up in October, compared with a year ago

However, sales were down for the first 10 months of the year, with 398,159 vehicles sold compared with 496,855 in the same period last year.

Car sales in October also increased by 0.4% from September figures.
KUALA LUMPUR:
Vehicle sales in Malaysia surged 5.2% to 56,670 in October this year, up from 53,870 units in the same month last year, the Malaysian Automotive Association (MAA) said.

MAA said sales of passenger vehicles jumped to 51,795 units in October 2020 from 48,987 in October 2019 while sales of commercial vehicles decreased to 4,875 from 4,883.

On a month-on-month basis, sales volume for October 2020 rose 0.4% from September 2020, it said.

“The higher sales volume in October was attributed to the launch of new models and ongoing aggressive promotion campaigns by car companies,” the association said in a statement today.

However, for the first 10 months of the year, it said sales slipped to 398,159 units from 496,855 in the same period last year.

In terms of total production, it said 58,631 vehicles were produced in October 2020 compared with 55,775 units in the same month last year.

“The production of passenger vehicles rose to 55,063 units in October 2020 versus 52,191 in October 2019, while the production of commercial vehicles shrank to 3,568 units from 3,584 previously.”

On the outlook for November, it expects the sales volume to be lower than that of October due to the implementation of the conditional movement control order on all states in Malaysia except for Perlis, Pahang and Kelantan.

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