MAA Sales Data May 2016

It’s that time again. The Malaysian Automotive Association (MAA) has released production and sales figures for the month of May 2016, and while it appears that the market has started to pick itself up again – after some fairly lacklustre figures in April – there’s not all that much to celebrate here.

In all, 38,699 passenger vehicles and 5,970 commercial vehicles rolled off dealer forecourts last month, resulting in a total sales figure of 44,669 units. That’s a scant 6% increase – amounting to just 2,492 units – from the 42,177 units that were sold in April.

The paltry increase in sales month-on-month is dwarfed by the drop in numbers vis-à-vis the same month the year before – last month’s sales were down 12.8% (or 6,583 units) from the 51,252 units sold in May 2015. That hasn’t helped 2016’s year-to-date figure, which has slid from 235,914 units last year to just 193,953 units – a decrease of 17.6%.

The MAA’s official reasoning for the weak sales performance continues to be Bank Negara’s more stringent hire purchase loan approvals, despite aggressive sales and marketing campaigns by car companies helping to push more vehicles into customers’ hands compared to April.

The association also noted that sales should pick up this month, thanks to Raya sales campaigns and the introduction of new models – the past two months have already seen the launch of several new models such as the new Honda Civic and Proton Perdana.