Vehicle sales in Malaysia up for November 2015, due to anticipation of price hikes next year, says MAA

Driven Nissan Navara vs Ford Ranger vs Mitsubishi Triton  002

Total vehicle sales for the month of November 2015 saw a marginal increase of 0.5% or 299 units when compared to October 2015, according to the Malaysian Automotive Association (MAA). The eleventh month of 2015 saw a total of 56,092 vehicles being shifted.

From that figure, 49,348 units were passenger vehicles, with commercial vehicles accounting for the remaining 6,744 units. Compared to October 2014, this represents an increase of 1% or 778 units. As for the total year-to-date sales volume of 2015 (January-Novmber), 597,273 units were shifted, a 1% drop compared to the same corresponding period in 2014 with 601,827 units.

On the other hand, production for the month of November 2015 saw a decrease by 5,580 units to 50,203 units. Of the 50,203 units, 45,747 passenger vehicles were produced along with 4,456 commercial vehicles.

Year-to-date production for 2015 (January-November) meanwhile, stood at 569,374 units, with 522,712 being passenger vehicles and 46,662 commercial vehicles. Compared to the same period in 2014, 545,352 vehicles were produced, a 4% increase or 24,022 units.

MAA sales production November 2015

The MAA cites several factors to these figures, including the aggressive year-end promotional campaigns by dealers, as well as announcements by automotive companies of potential price hikes of vehicles in 2016.

The association also expects sales volume for December 2015 to continue the trend seen in November 2015. This includes the continuation of year-end promos and customers who are looking to purchase their vehicles in anticipation of an increase in car prices next year.

Several manufacturers have stated the possibility of their vehicle price increasing next year, including Perodua and Proton. However, other carmakers like Volkswagen have stated that their prices will remain unchanged for the time being.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • ben yap on Dec 28, 2015 at 4:10 pm

    those people who bought their cars earlier due to anticipation of price hike is foolish.

    car manufacturers will always throw in a big discount or better freebies or attractive interest rates to get more sales.

    We can live with our old cars but car manufacturers cannot afford to have a poor sales.

    Like or Dislike: Thumb up 22 Thumb down 2
  • Same L0rrr on Dec 28, 2015 at 4:14 pm

    Proton sale?

    Like or Dislike: Thumb up 2 Thumb down 0
  • Observer on Dec 28, 2015 at 4:21 pm

    I have a feeling this is actually just a strategy. Price might be not coming up, if any hike happen, the company might give a massive amount of discount. Economy is bad now, no body is looking to have more debt indeed.

    Just may be..

    Like or Dislike: Thumb up 13 Thumb down 0
  • Ootai on Dec 28, 2015 at 6:36 pm

    They can increase their prices but when the buying stop, they have to give discount & free service & extended warranties & kitchen sink (no lah)

    Like or Dislike: Thumb up 10 Thumb down 0
 

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