The Malaysian car sales figures for February 2016 has been released by the Malaysian Automotive Association (MAA). As predicted, combined sales for both passenger and commercial vehicles have slumped for the month of February 2016.
A total of 34,126 passenger vehicles and 3,750 commercial vehicles were sold during this month, equalling to a combined total of 37,876 vehicles sold overall. This is 24.8%, or 12,514 units lower than the figure achieved in the same month last year – 50,390 units. The total number is also 15.1% down compared to January 2016 (44,591 units), while the year-to-date figure is 18.3% down on 2015 (82,467 vs 100,992).
According to the MAA, the reason behind the lower sales is due to the shorter working month, and the more stringent hire purchase loan approval from banks. The association, however, is expecting sales to pick up by March 2016, thanks the longer working month and continuation of promotional campaigns by car companies.
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Jan sales data DOWN
Feb sales data DOWN
March sales data DOWN
you know why? Cause of the price increased insanely thanks to G and him
No impact from 1MDB scandal and GST.
Yeah nothing impact especially in his and her Fatros on bank account…. But whole Rakyat Malaysian continues suffer until 2020??? Or until pay debts until retired??? Even car price are sky high, long term loans and unreasonable high taxes system !!!
Main reason is GST.
All the rats, squirrels and ants cannot hide their money to buy cars and other expensive things since their disposable income has been significantly reduced.
OMG…another reason is economy slow down, high inflation caused ppl spend money wisely and not buying car
Other than Forex rate cause price increase, the silly BLR also hike to 3% and above, compare to prev only 2.6%. Who willing to spend buy same thing at higher price and BLR?
Lets see how new civic sell next
Then take a bus lor…
Just buy used car lor…. stupid ppl buy new car then lose money for us to buy…. But there are less stupid people to buy new cars now…
True, especially with Toyota, as 2014 Camry 2.5V you can get roughly below RM100k (new RM180k) and 2013 Altis 1.8 at RM6Xk (new RM120k), if you really have good bargain power and haggling skills.
Spongewai,
You are absolutely right,spot on.
MAA is headed by a GLC woman.Of course,she has to paint a rosy picture.
Just wait for the individual breakdown analysis of sales of each car distributor.RED…RED…RED.
Most badly hurt will be Protong.
Most of the Protong fanboys got f..off by bank officers.No loans to them cos they cant fulfill basic lending criteria(very stringent now).
If all the major scandals hindering our economy continue and oil price stays below US50 a barrel,till Raya…you can see more massive layoffs and car sales sliding into the abyss.
Because we have good transport system now.
Minister 3.85 : car sales drop is good for rakyat. Car makers will be forced to give more discount, so rakyat will win in the end. When car price reduced, we also tepati our janji, syukurlah.
Stricter loan is good for rakyat, can reduce national household debt. Rakyat will less likely to be in financial trouble without loan. Syukurlah.
No one want to buy Proton, KIA & Hyundai.. Bad RV!
No one want to buy Toyota, RV not as good as long time ago. Pls wake up.
Last year Feb was no shorter than this year’s Feb. Chinese New Year was also in Feb last year so why is there a 24.8% drop?
Come on MAA, just admit that the economy is bad and people are not willing or cannot afford to buy new cars this year
Yup, agree, working days shouldnt be an issues. People buy car when they have money, or they think they will have money later on.
It is just economy is so bad that people have to put priorities somewhere else.
Agreed. Further more, some people buy on off-days, weekends. MAA knows the fact econ is bad but they dont want to make it public.
you are wrong, this year we got extra 1 day in february :p
Last year feb got 28 days. This year got 29 days. MAA bullshit you
Good to report on this, for a strategic view of the car market. But it should be obvious we are only interested in passenger cars, not commercial. No point to mix in sales of Hino trucks here. The data extract looks half-baked, the person doing it doesn’t know what variance means.
PV sales YTD is down 17%, 15,000 vehicles less. Lets put a number to that, say average RM60k (luxury cars pulls the average up vs sales of Myvis) – RM900 mil in lost sales YTD.
RM 900 million. Wrap your head around that. Bad. Real bad.
want to see if filter out taxi and all gov / glc registration how is the figure?
alright!
those policies setting idiots only think of adding GST to collect the money without thinking the effect to the economy and think all spending keep the same as it was.
legit business never for the cronies, and hence all rakyat will suffered..
oil price from petronas only contribute to their SPENDING, but when there is no INCOME (FDI, export, tourism..etc) we are doom, and those MP is zero intention to help on those productivity area, but stir around race, religion as their polish shoe to the head to hope able to get some 2.6b leak to their pocket..
it will be 50% down from last year.
They are still in denial…
“According to the MAA, the reason behind the lower sales is due to the shorter working month, and the more stringent hire purchase loan approval from banks. The association, however, is expecting sales to pick up by March 2016, thanks the longer working month and continuation of promotional campaigns by car companies.”
They still try to justify the reduction of car sales and paint a rosy picture as if our industry is very healthy.
In reality, car prices are too high compared to median take home pay of average citizen, thus requiring long term hire purchase loan, ie, 9 years. Additionally, competitions are restricted via sole importer status, AP and high excise duty. Resulting in unsustainable business model.
Lets continue play our part as consumers, by maintaining our current rides and not buying any new cars (local, imported or CKD). If u need cars buy a second hand unit, which is much cheaper and the tax and duties was already paid by the first owner.
When the buying stop, the killing can too,
When we work together, we can win this…
Retrenchment, VSS, MSS, OSS, all that contributr to the numbers. How will T performance for Feb the? Sam Loo, trying to get an interview at Honda?
2016, good luck.
Please purchase as many vehicles as you can, and good luck.
Mark my words.
Good for consumers and rakyat actually. Manufacturers are taking the heat and very soon will promote lower price and massive discounts. The 7 year max financing period is a good call. Better to go lower at 5 years. Car price shall be lower. And central bank need to cap the interests rates.
to be honest i hope that this year the total sales figure drops significantly so that it sends message to all related parties including government to reduce car price more..
the gst not affect car price. but uncertain economic condition make peoples think twice to buy new car. people in oil and gas now not get easy approval. and credit control by central bank for lower group income prevent for credit facility.
I has received many discount sales from Toyota, Honda, Ford, Mitsubshi, And Kimchi maker. Apparently car dealer suffer great sales rate drop as well, all coming model will offer crazy discount especially KimChi. Heard new Vios offer RM8k rebate, Kia K3 15K, and VW jetta at 18k discount. Good to see them throw discount like tat.
Don’t think the smaller companies will survive if they keep throwing. Throwing prices many times means either selling at cost or below. Not sure how much they have in reserves to continue keeping operations afloat though. Looks like we could end up with less choices when it comes to brands at the end of it if this economic situation persists.
Let see how long they can keep the car price like this, production need to go on, else no job, no income …
Don’t be silly, bolehland is nothing for global manufacturer expect the P&P , which ironically took always thousands of working class jobs…
This February has an extra day, this year is a leap year!
All are bullshit!
Every rakyat knows the economy is bad (and becoming worst by the day), inflation is out of control, wages is stagnant, prices of car related item go up and up…..GST, more stupid taxes, job retrenchment and more problem to face by the rakyat….
While this MAA is still “make donno” or still dreaming and syoik sendiri making up feel-good news to feed the rakyat….
Agreed bro. WTH with MAA? Still in denial? I dont think they’re dat stupid. Probably someone asked them to respond like this. Hmm…
34,126 units for Feb 2016, Perodua drop another 4000 units???
If TDM was still the PM of this country now, MAA would have rephrased the whole scenario to :
‘Feb car sales figure is low due to the rakyat holding back their purchase in anticipation of the launching of the all new perdana’
It is really about supply (production) and demand (sales). The diminishing production figure from 2015 is worrisome because it may indicate a slowing economy, in addition the sales figure can also mask the fact of a slowing economy as it may be influenced by selling old stock. BTW WHAT IS THIS “IGNORE THE COPY DATED 17 MARCH 2016) IN THE REPORT” the close bracket is not mine.
I wonder what will MAA do if Sales keep declining every month.
When the buying stops… The killings will stop too
What stupid excuse? So last years february didnt have short working days la? bodoh! That reasoning would work if it were targeted to non-car buyers/owners!
I want to buy a 2.0 SUV but they don’t have any for me that is MT. So i keep my money cause they say most ppl prefer automatics…so i let them try to sell to those most ppl who are not buying.
Short month? It was only a couple of days’ difference. Plus, people tend to shop on weekends, with loan docs coming in on Monday. The number of days in that month does not impact this.
now i in dilemma, my car eg6 currently is not in very condition(sad). and planning to get new car. but reading this make me want to support for not buying new car. but to maintain an old car is not cheap.
Lower the excise duty to help boost sales. Give exemptions to EEV and Hybrid again. It’s either that or lose the sales completely… bringing the economy to a halt… with he wait and see attitude. Property already stagnant, now car sales is going down, next?
Funny, 2015 Feb with 28 days had more sale than 2016 Feb with 29 days, yet they blame shorter working month… hahaha