Total vehicle sales for the month of October 2015 saw a 9% increase or 4,648 units when compared to in September 2015, according to the Malaysian Automotive Association (MAA). In total, over 55,754 vehicles were shifted, compared to just 51,106 in the month before.
From that total, 49,063 units were passenger vehicles, while the remaining 6,691 were commercial vehicles. Compared to the same month last year (October 2014), there has been an increase in sales volume by 3% or 1,563 units.
This brings the total year-to-date sales volume of 2015 (January to October) up to 541,142, representing a decrease by 1% or 5,371 unit when compared to the corresponding period in 2014 with 546,513 units.
On the other hand, production for the month of October 2015 saw a jump of 10,049 units to 55,783 units. The figure is significantly more than the 45,734 units produced in September 2014, and represents a 21.97% surge. Of the 55,783 units, 50,974 passenger vehicles were produced along with 4,809 commercial vehicles.
As for the October 2015 year-to-date production, a total of 476,965 units have been made, with 480,799 being passenger vehicles and 60,363 commercial vehicles. The same period last year saw just 455,800 units produced, thus signifying an increase of 4.6% or 21,165 units.
The MAA attributes this boom in production and sales to consumers who are purchasing vehicles ahead of an anticipated rise in car prices in 2016. It also pointed out year-end promotions by carmakers as another factor for the encouraging market.
For the current month of November 2015, the MAA expects this positive trend to carry on further due to the continuation of aggressive year-end promotional campaigns, and consumers looking to purchase their vehicles before an expected hike in car prices next year.
Recently, a few brands have announced price increases that will take effect in 2016, including Toyota, Lexus and Mitsubishi. Other carmakers like Nissan and BMW are also considering hiking prices. Brands like Mazda and Mercedes-Benz have stated that its prices will remain, with the latter even announcing a decrease for its C-Class range.
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Why are cars getting more expensive? Very simple. It is because of Songlapping. Aren’t we already paying 3X the Global Prices of Cars? Car prices were also high when the Ringgit was strong last year.
One man can songlap RM2.6 billion is just one news we know. What about the other times he songlap that we don’t know about? I think it runs to hundreds of billions.
Taib songlap US$20 billion (RM84 billion) also nothing happen to him. Infact he was rewarded for his songlap and made Governor and given a Tunship.
What about the songlaps by the other Menteri and Government officials? Now got even Songlap from anak yatim and orphans.
It all runs to hundreds of billions per annum the Songlap.
This is why we get low spec lousy cars with super high prices. Our guardians are more interested in Songlap than fighting for the rakyat to get good and safe cars that are also reasonably priced.
When people can curi from anak yatim, we Malaysians now have to pay extra for our cars to support their stealing behaviour.
Car prices going even higher??? But… But…where is Najib’s PROMISE??
Najib promised 30 million people 2 years ago before the election that he would reduce car prices by 30 percent.
He said the 30 million people need not worry because BN always kept their word and never mungkir janji. He said if people voted for BN, he was 100% sure to reduce car prices by 30 percent.
Najib, in his speech told people that BN knew how much people suffered paying for their cars and he felt very sorry for the people, thus, he was sure to reduce car prices by 30%.
It is a well known fact, that we Malaysians are paying 3x the global prices of cars. And double whammy, not only we pay 3x the global prices of cars, our cars are stripped down so bad, it hardly lacks any safety features. Even our top D segment cars each have about 20 less safety features than the same car costing 3 times less overseas. For example, a 10 airbag Toyota Camry CBU in the US cost US$22,000. In Malaysia, this cost RM180k despite CKD AND loads of safety spec taken out. For example Tyre Pressure Monitoring System, 10 airbags, Lane Change Alert and many others.
Camry Hybrid in the US is US26,000. Come to Malaysia, should be tax free. CKD it using Malaysian parts should be even cheaper. But here sell RM175k
Now, what happened Najib? Where is your promise? No need TPPA. Where is own own PM’s promise?
Already Malaysians are over paying the price of cars. Every single car company in Malaysia is owned by the Government through various GLC, Khazanah, EPF, PNB etc.
If the Government cared for the Rakyat, they can decide not to raise prices.
Dun buy Camry Hybrid laa… stupid
UMNO seharusnya saman MAA di mahkamah atas fitnah harga kereta naik. Mustahil harga kereta akan naik sebab presiden UMNO cakap harga kereta setiap tahun turun selagi dia PM.
Stupid mindset. Before GST apply, though car price hike, end up car price are drop. Now again MAA rumour, every fool go buy car again. end up car price will drop somemore. Silly Malaysian.
I think car sales increase because year end discount. Nothing to do with car price increase or drop rumors. I’m buying one too because I want to pay less for a new car that Im going to use for a very long time.
This. Plenty discount from almost everyone, that’s the main reason.
Agreed. It is more on the discounts than anything else.
Noob MAA anal-yst.
Same trick like the pre-GST sales, end up car price drop, Proton even give RM10k discount. Those who bought before GST really sozai.
Buy a sushi car better, anytime is a good time to buy. Price increase/decrease also little.
Stable price + Good reliability + Cheap maintenance = Good RV
Stable price + Good reliability + Cheap maintenance = Good RV
All this criteria nowadays fit towards Honda. However one thing for sure for almost all taik jamban cars from UMW Toyotaik is:
Highly overpriced + ‘Taik’ reliability + Cheap materials + Damn expensive maintenance = Hailat RV (out of 100 owners, 99 owners will shout out ‘Hai Lat Lorrrr’)
Way to go, Honda!
whatever the case, prices of cars will still go up, up, up every year (with lots of excuses)………until the BN govt and cronies are being wiped off from Malaysia
Why?
Songlap never enuf.
Songlap never stop.
Songlap no limits.
Songlap gets worse.
It is so easy to twist. Had it not because of the blatant discount to clear 2015 stock, I dont think car sales will increase. Every year end also sales increase but this year is stronger only.
Cars like Myvi going for 5.5K discount and all new Jazz got 7K++ discount. I dont see such offer last year.
Civic EK4 was selling at rm80-98k during 90s & city was selling rm5xk. Now city price become civic price, and civic become accord price, ppl still said cheap and buying non stop…but the real thing is our disposable income is lesser than the 90s…The truth is, ppl can afford bcoz they pay zero downpayment, 10yrs installment.. Just revert back to 7yrs max installment & 25% downpayment…and scrap cars that 20yrs old..then we will hv less jam, better quality driver on the road, used car have better resale value..
>> and scrap cars that 20yrs old
Oh no. Those 20yrs old cars are more reliable than new VW DSG or FLX.
the reliable old cars is only from vw. look at the old beetle or combi. how reliable they are. seems like vw doesn’t make the car while slept. haha