The Malaysian Automotive Association (MAA) has revealed production and sales figures for the month of September 2016, with the industry experiencing a decline compared to the upward surge from last month.
In terms of sales, 42,644 passenger vehicles and 5,547 commercial vehicles were sold last month, amounting to 48,191 units – which is 2,908 units, or 6% down from the same month in 2015. Both passenger and commercial vehicle registrations saw declines of up to 6%, with the former down by 2,594 units compared to July 2015.
As for month-on-month sales, September’s volume was 4,121 units, or 7.9% lower compared to August 2016. According to the association, the decline is due to more stringent hire purchase loan approvals, and customers being more cautious, preferring a “wait and see” attitude for new model launches.
The data also revealed that total year-to-date sales as of September 2016 stood at 418,433 units – which is 67,056 units, or 13.8% lower than the similar corresponding period in 2015. The association expects sales volume next month to be slightly higher on the count of new models destined for the market.
Production-wise, 41,453 units – 38,831 passenger vehicles and 2,622 commercial vehicles – were made last month, representing a drop of 4,281 units or 9% from the same month last year. Compared to August, September saw 1,999 less units made, or 4.6%. Year-to-date production meanwhile, amounted to 386,965 units, a drop of 76,423 units, or 16% compared to the same period in 2015.
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Saga & Persona booming sales like hotdogs *not yet added
Kikilala
“BOOMIMG”…..give yourself 6 months down the road……….by March 2017…if still booming,then,P1 stand a chance to recuperate from intensive care.
“New broom sweeps clean”…….after sometime when euphoria dies down and our GST ladden economy slips into the Abyss…then we have thousands of tarik keta.Kenali admits Saga buyers mostly on near BLACKLIST/BORDERLINE CASES….just scrape thro.
WHEN economy fails….no amount of ‘EUPHORIA SALES’ CAN SUSTAIN its initial push.
Look at the botak..this Friday.Sweeteners only cause more kencing manis.It can’t fix a troubled economy.
Where got, storm, abyss? Still got a lot of ‘rich’ people buying brandnew vehicles around, totaling some 400k this year; recond vehicle sales and relatively ‘new’ secondhand vehicle sales are not yet counted. Go to KLIA 1 & 2 & 3 & 4 and see. Prices of everything are hiking because too much demand until not enough supply. The economy is blooming wat, just go and buy whatever you like/want.
No need to berjimat-cermat.
Yeah, Mr John can afford to buy many of these Sagas. Other people got no money to buy but Mr John has..
No more longer months or shorter month…
Warren Buffett — ‘Be Fearful When Others Are Greedy and Greedy When Others Are Fearful’
Worried. Be very worried. One of the signs of economy slowing down
I’m waiting recession coming.That’s the time i can play hard to get until they give superb discount,lots freebies,very low interest,5 yr free service.Just a matter of time,very soon.Come to papa now recession
When that time come… Hope you still have your job..
When recession occur, no bank will give you any loan unless you put 50% deposit and with stable income.
another 4000 cars per month for proton, all workers can go sleeping
Frankly speaking, most of the commentators already know the downtrend B4 this. The report merely confirm the obvious where Maybank closed more than 20 branches & counting couple with MAS retrenched 6,000 employees.
This is a precursor to less people willing to buy new cars. The smarter one will re “energize” their old workhorse by giving their old flame with a new coat of paint & some cleaning & servicing will do wonders to the old car including P1 & P2 cars.
The best part is NO more installment to pay for. Brace yourself for a harder time next year where Goods & Services will be more costly unless the Gov lower or cancel the GST. Am sure someone will say “In My Dream”.
I remember 1 minister says it will reduce the price of Goods with GST but sad to say that minister is now keeping mum when asked by reporters.
The good news in this article is those who can afford to buy a new car are able to bargain kaw-kaw B4 changing their car. Cash is King.
Your Excellency MIckey
I went to do some survey on used car sales.
Most of the respondents agree…it is a buyers market.
Sales..pathetically SLOW,COS OF TIGHTENING lending criteria.
Once I was about to walk off,the salesman quickly revise downwards his initial offer price,with tons of freebees.
I stopped buying new cars for sometime.Now ,I can take my time to get the best deal involving preowned cars.Some of the SMELL from these ‘REFURBISHED’ cars,smell like NEW CAR SMELL.yOU WILL BE AMAZED,it is very tempting to get one.
Cash is King,u r right.
Albert, it is comforting to know you agree to my comments. Be careful when buying 2nd hand though. Check B4 paying bcos the total price are usually hidden like the “football” money they call now “Administration” Fees. This can be between RM 1.5k to 5k depending on the value of the car.
Most 2nd hand dealers will tell you It’s the BEST price until you walk away. My advice is bring your TRUSTED mechanic along to “See” & “Feel” how the car drive B4 signing dotted line.
Ask for warranties especially when it is an auto box where the cost of repair may spoil your enjoyment. If you can see that there is leakages in the oil sump/top engine seal, & the water/coolant is rusted, it means the engine cooling system is rusted. Happy shopping.
Thanks Mickey
I m a former mechanic myself.I can sniff all CLEAR AND PRESENT DANGER.
I know the admin fees remain UNREGULATED,ranging from rm600 to rm5000.
It is a shame when people advertise very low,but push up the admin fees to make more money..
No gomen agency has come forward to nab these bastards.Maybe they r too occupied with Sabah watergate.
Your comments,no matter how good….the Proton fanboys will never listen.
“Nak fikir apa ? Beli je” these r the people that kena BLACKLIST WHEN THEY kena retrenched.
Tricks of the trade. Still very disgusting nonetheless.
Kenapa tiba-tiba masuk Proton fanboys? Why not other brands?
Thanks again Albert. For a moment I tot U are trying to TEST me. I use to work in a 2nd hand spare parts dealer in Klang just to keep me busy & make some $$$ while studying.
I loved anything on wheels(2/4). I also used to be a “Night Rider” plying on Sg Besi famous road at night. I have many scars & police records too due to dangerous racing & stupid stunts due to EGO.
Lastly, my name in PT.org is Mikey & not Mickey Mouse. I used to “React” to such calling but I have out grown my EGO hence I’m no longer taking anything posted here to be Personal or serious. Good Night & Cheers …
Good one. Some jokers here really sucks, if you give negative comments on P1 and they will whack you assuming you are from the P2 camp and vice versa.
Little did they realize that many commenters on P1 or P2 do not even owned cars by P1/P2.
People’s income just cannot keep up with the inflation and recent steep rise in cost of living due to the declining RM. It is not just the car industry that is affected. Others too. It is a matter of priority.
when car sales is down, there will be more rebates. that’s when it’s a good time to buy.
Why even bother.
Just buy a good used car.
Rebates or not, you buy a new car, almost half of the costs go to the government coffers. And you know just how well that money get used for.
Set your expectations lower… forgo the new car smell.
I buy all my cars used. In cash. No loan. No cut throat insurance. Very little depreciation. Drive for a few years, keep if good, change if not. Buy a lemon, change.
You could get a 5-6 year old used car just 30% of its new car price. Thats sometimes nearly as much down payment you would pay for a new car.
There is a caveat though, I am a trained mechanic so this works for me. But if you want to get a used car, please drag along a friend that is one. There are lemons and dogs that need sniffing out.