MAA March 2016

The Malaysian Automotive Association (MAA) has revealed its data for car production and sales in the country for the month of March 2016. Recovering from the slump in February, March saw an increase in sales and production.

In total, 48,800 vehicles were sold in the month, representing an increase of 10,924 units or 29% compared to February 2016. Passenger vehicles accounted for 43,247 units (up 9,121 units) from the total, whereas commercial vehicles made up the remaining 5,553 units (up 1,803 units).

The MAA attributed this spike to a longer working month, and car companies rushing to deliver vehicles to customers before their financial year ending March 31, 2016.

However, year-on-year sales volume in March 2016 was 28%, or 18,587 units lower than in the same month a year ago. Similarly, the March 2016 year-to-date sales figure of 131,267 is 22%, or 37,112 units lower than the same period in 2015.

The high total industry volume (TIV) in March 2015 was due to the imminent implementation of the Goods and Services Tax (GST), prompting consumers to make their purchases earlier.

On the production side of things, 47,810 vehicles – made up of 45,802 passenger vehicles and 2,008 commercial vehicles – were produced in March 2016. This is an increase of 12,680, or about 36% compared to February 2016.

Compared to same month last year, March 2016 saw 12,275 units less than March 2015 (60,085 units). Similarly, year-to-date March 2016 production was 129,591 units, a drop of 34,106 units from the same period last year (163,697 units).

For April 2016, the MAA are forecasting a higher sales volume that is better than March 2016.