maa-oct-2016-sales

The Malaysian Automotive Association (MAA) has released production and sales figures for the month of October 2016, and last month was a slow one for the local car market, with sales volume declining 0.6% (312 units) over September, which itself was 7.9% down compared to August.

According to MAA’s notes that accompany the figures, the auto industry club cites buyers adopting a ‘wait and see’ approach pending announcement of Budget 2017 as a main factor in the slow sales. However, MAA expects November sales to be slightly better than last month’s due to aggressive sales and marketing activities by the car brands.

Not much difference in the year-to-date numbers, compared to the same period last year. Sales till end-October stands at 466,208 units, 13.9% lower than in the same period last year.

With a slew of recently launched new models (Toyota Vios facelift, Isuzu D-Max facelift, Chevy Colorado facelift, B8 VW Passat) and with a couple more before the year closes (Proton Ertiga, Hyundai Ioniq Hybrid), will we see a strong end to 2016?