Paul Tan's Automotive Industry News

Car sales down in April 2006

Passanger car sales for April 2006 fell 7% from 32,926 units the same time period last year to 30,610 units this year. The Malaysian Automotive Association (MAA) said this was due to rising interest rates for hire purchase loans, uncertainty on the direction of new car prices and postponement of new car purchases due to low used car value.

Out of the total amount, national car sales were 23,326 units, a 5.4% drop from last year and non-national car sales were 7,284 units, a 10.37% drop. The new cars launched this month should boost sales a bit for June 2006.

11 Comments »

  1. Initial D said,

    May 22, 2006 @ 1:20 pm

    well, its normal………cant expect the sales to keep going up…….it has to tumble down too…hehehe…..

    Cheers!!!!!!

  2. raybrig85 said,

    May 22, 2006 @ 1:24 pm

    yup…agree with u…

  3. babybalrog said,

    May 22, 2006 @ 1:59 pm

    aiya.. malaysia government tax so high car sales when down is normal la… econ not good, interest still when up hu so rich wor!! malaysian not always boleh de o~~

  4. KY said,

    May 22, 2006 @ 2:06 pm

    Well, with the price increase of pretty much everything else, starting with the petrol. It’s no surprise everyone is left with less money to get a new car.

    No brainer here.

  5. catborg said,

    May 22, 2006 @ 2:38 pm

    petrol increase..
    bank interest rise up too..

    what else? .. even the car cheaper a bit.. but that’s mean nothing..

  6. whodz said,

    May 22, 2006 @ 2:48 pm

    new electrical tariff..(increase)
    new water tarif..(increase)

    Even sales of sayur kobis is now dropped..(my favorite).

    yee, i agreed with catborg, even price go down, but many little thing going up and what most important is our salary is not increasing…no bonus..halawei..sadla camni.

  7. motorhead said,

    May 22, 2006 @ 3:15 pm

    No significant change in NAP.. what they expect??.. They think we are stupid ehh?.. everyday interest increased!!!.. stupid la… now i have to pay more for house loan.. where to find money to buy cars??

  8. kendo said,

    May 22, 2006 @ 6:41 pm

    heard 5000 booking done
    for naza Sutera junks,
    how MISERABLE
    are the rakytas here!!
    deprive of choices and buying power!!

  9. kendo said,

    May 22, 2006 @ 6:42 pm

    WITHHOLD
    u buying!
    let them DROP somemore…

  10. juney said,

    May 22, 2006 @ 10:29 pm

    Slow market make us Suffer :/
    Sales really Drop like Crazy =_=

  11. cybermask said,

    June 6, 2006 @ 8:20 pm

    malaysia always like that, lower down something, then increase the other, makes no difference to us and then tell us that they have reduced price for the people. always manipulate on many things!!! how to buy like this?

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