December 2020 Malaysian vehicle sales up by 21.8%

December 2020 Malaysian vehicle sales up by 21.8%

The Malaysian Automotive Association (MAA) has released vehicle sales date for the month of December 2020, and strong numbers were expectedly recorded in a final flurry in anticipation of the sales tax (SST) exemption ending at the end of the month, which of course it didn’t.

A total of 68,836 units were delivered in the final month, which was 12,347 units or 21.8% more than the 56,489 units sold in November. The month’s sales were also significantly better than the corresponding period last year, in which 54,842 units were shifted. This makes December 2020’s numbers higher than 2019’s by 13,994 units, or a 25.5% improvement.

However, total industry volume (TIV) for 2020 fell far short of that accomplished in 2019. The total for 2020 stood at 529,434 units, which is 74,847 units less than the 604,281 units managed in the same period last year. A point to note is that the listed monthly TIV numbers, when added, fall a little short of the overall published TIV, and this is because of some members not reporting monthly figures, which are included in the final annual TIV numbers.

The association attributed the strong sales performance in December to customers making purchases ahead of the anticipated end to the SST on December 31. On December 29, the government announced that the SST exemption would be extended to June 30 this year, after initially saying no the previous week.

The association is projecting that the sales volume in January will be lower than last month, with the month being impacted by the implementation of the second movement control order (MCO) in a number of states.

Looking to sell your car? Sell it with Carro.

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Mr Suka Syukur Selalu XOX on Jan 26, 2021 at 6:35 pm

    I-Sinar semua beli kereta baru bersinar-sinar.

    Like or Dislike: Thumb up 10 Thumb down 2
    • Rakyat Malaysia on Jan 27, 2021 at 9:53 am

      Many have confidence in how things are being run. Well done!

      Like or Dislike: Thumb up 6 Thumb down 0
  • Justice on Jan 26, 2021 at 6:57 pm

    numbers by brand and models please

    Like or Dislike: Thumb up 3 Thumb down 0
  • holofanboi on Jan 26, 2021 at 9:22 pm

    Damn it anthony… You guys are back to old tricks. Use the same thumbnail! :P

    Like or Dislike: Thumb up 0 Thumb down 0
  • Vanguard on Jan 27, 2021 at 9:18 am

    Who says rakyat miskin and menderita? Car sales figure jumped up.

    Either rakyat in the news are faking “miskin” to get free bantuan, OR there are no cases of miskin papa kedana becoz of proof of new car sales figure.

    Like or Dislike: Thumb up 3 Thumb down 0
  • Bryan Lee on Feb 18, 2021 at 3:49 pm

    Is there any report on the Vehicle Sales Data by Brand for December 2020 ?

    Like or Dislike: Thumb up 0 Thumb down 0
 

Add a comment

required

required