The first monthly vehicle sales results for the year are in, and it appears that the automotive industry is off to a slow start. According to the Malaysian Automotive Association, a total of 44,575 vehicles were registered in January 2018, 19% or 10,154 units lower than the 54,729 units sold in December 2017. That wasn’t exactly a strong month to begin with, if you’d recall.
The sales volume for January was also lower compared to the same month last year, albeit by just 0.2% or 92 units. The lukewarm performance was attributed to most sales promotions and offers having concluded in December, despite January being the month running up to the Chinese New Year festive season. This month’s sales are expected to be lower still, due to a short working month owing to the CNY holidays.
Last year’s total industry volume (TIV) fell short compared to an already weak 2016, with 576,635 vehicles sold against the 580,085 units that found homes the year before. This was despite the fact that the industry’s performance last year had hitherto been ahead of 2016’s by a small margin, as late as November.
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every car manufacturer not giving big discounts for 2018 cars. so people stop buying.
Correct. Too many unsold P1 cars parked in stockyard under hot sun.
Correct. Too many unsold P2 cars parked in stockyard under hot sun.
HahahahahhH
Hahahaha
Ppl start worried about P2 safety bcos saw too many salted fish hanging around P2 SC, they stop buying.
Before year end 2017, all dealers were offering huge discounts for cars just to clear their 2017 stocks. Expectedly, after d sales offer In January not many would buy cars
This year CNY too close with year end. Those who wanted to buy for CNY alredi got the car during end of year harga runtuh sales.
2018 Production 68k vs sales 44.5k
2017 production 45.5k vs sales 44.6k
What this number tell us…
P2 produce too many
P2 sirion exports shooting up
Nobody buys sirion there. They prefer Ertiga.
“Bad economy? Pfft! What bad economy?”
Nevermind and no worries. Sales will definitely pick up kaw-kaw before Hari Raya…
Even P1 cars laku like pisang goreng panas.