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Total vehicle sales for the month of September 2015 have increased by 3,335 units compared to the same month in 2014, according to the Malaysian Automotive Association (MAA). With that said, the total number of vehicles was lower compared to August 2015, of which 53,452 units were sold. Of the total vehicles sold this month, 45,245 units were that of passenger cars while the remaining 5,861 units were commercial vehicles.

All in all, total vehicle sales have fallen by 1.4% year-to-date of September 2015 – a total of 485,388 units were sold (431,716 passengers cars, 53,672 commercial vehicles) compared to the same period in 2014 which saw up to 492,322 vehicles (436,660 passenger cars, 55,662 commercial vehicles) sold.

As for production numbers, the total build count for September 2015 was recorded at 45,734 units (41,386 passenger cars, 4,348 commercial vehicles) – a decrease of 3,745 units compared to the month of September 2014. With that said, the total vehicle production has risen for the year-to-date of September 2015 with 463,338 vehicles produced compared to 452,167 units recorded in the same period.

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According to the MAA, the main reason behind the slump in overall sales figures can be attributed to the weak consumer sentiments as well as a gloomy economy outlook – the latter made worse by the weakening ringgit. Unfortunately, the MAA has predicted a relatively dim outlook for the month of October, as well.

Despite aggressive promotional campaigns, stricter hire purchase loan agreements allied to the aforementioned gloomy outlook should continue to represent an obstacle for sales figures to grow.