February 2007 automobile sales dropped once again, falling 14.1% to 31,284, of which 28,430 units are passenger cars while the remaining are commercial vehicles. MAA blames this on a short working month, rumours of lower duties on car prices, no new models among the basic segment, and stringent credit approval.
Overall sales for the year are down, with 66,331 cars sold so far compared to 77,646 for the same period of time in 2006. Production for February 2007 also dropped from 47,647 in February 2006 to only 25,686 units!
MAA expects sales will pick up in the second half of the year, which could possibly happen as one of the most awaited bread-and-butter basic segment cars will be launched, the Perodua Kancil Replacement Model.