As predicted by the Malaysian Automotive Association (MAA), November 2016 sales are slightly higher compared to October’s figures. Slightly is the key word here, as sales are up by 1,206 units or 2.5% higher than the preceding month. The auto industry sold 49,085 units in November.
The slightly improved performance was attributed to new model launches and what the automotive club described as very attractive offers and discounts by car companies. However, the year-to-date total industry volume (TIV), at 597,306 units, is some 13.7% lower than the same period last year.
As with last month, MAA is predicting slightly improved figures in December, as carmakers hold year-end sales promotions in an attempt to meet sales targets and clear 2015/2016 stocks. There’s also a possibility of customers buying forward in anticipation of a car price hike in 2017, which is feasible considering the forex situation our ringgit is in.
Last year saw a record high of 666,674 vehicles registered in Malaysia, and at the start of the year, MAA forecasted a 2.5% drop in TIV for 2016. With one month to go and 13.7% down YTD, this year’s total sales will see a significant drop from 2015’s heady total, no thanks to the sluggish economy and negative consumer sentiment. It’s the same story in the property market and car sales in Thailand.
Looking to sell your car? Sell it with Carro.
Dont ever buy a new car just to boost MAA annual sales forecast.
Close to 100,000 Malaysians lost their jobs the last 23 months.Maybe some found alternative jobs.Many r still relying on the severance package.
How long can u last ?
If u still have Plan B n C to fall back,incase Plan A fails,then no one can stop u from buying a brand new car.
Some used car dealerships have gone bust…some refuse to accept trade in of certain car brands except at ridiculous prices.
The market in car sales(NEW AND PREOWNED) n real estate sales have shrunk by 20-30 %.
Do your Math.
Loans should NEVER CONTROL YOU.
BE SMART….THINK….THINK
Invest 40+K new car and become ‘ride-sharing’ taxi driver to earn upto 8K per month. In 5 months, your car becomes free.
Everybody interested in Proton’s figures. Last year, they sold 105,000 cars. That resulted in the big Scandal where Mustapha was so shocked and wanted to close Proton down.
this year, Proton has only sold 57,000 cars. This is far worse than last year’s 105,000 cars. On top of that Proton has taken RM1.5 billion f our money to stay alive.
Let us see what Mustapha will say. Directors and Management of Proton themselves have not cut cost by cutting their pay and reducing their perks. All happy with 6 figure fat pay packets per month whilst the company loses RM4 million per day.
Thats gud news. Less cars, more pipu use spanking new MRT, and spanking new buses. Lets make PM vision a gr8 success!
Look MAA statistics. What were the no. of cars registered since 2000? What is the total?
How do you expect the new car market to grow?
Now is not the time to buy car.
Its non-sense to compare last month vs this month sale data. The standard use worldwide is to compare same month sales data in last year vs in this year (like in the accompanied table above). And then explain factors leading to the difference.. e.g. festive, clearance sale, number of working days etc. In actuality, sales dropped by almost 12.5%.
No, when it comes to sales statistics any criteria can be used as a way to check the result of marketing strategies.
PV Production for Nov 2016 = 53,880 units
PV Sale for Nov 2016 = 43,550 units
Balance PV for Nov alone is = 10,330 units
Meaning, there is 10,330 PV unsold & this will carry forward to December. For the buying public, if the discount is Not BIG or enticing enough, wait till 2017 & those unsold 2016 model car will be sold at BIGGER discount.
If any car manufacturer tell U that they will increase the price next year, U can tell them 2 shaft their car up their rear end. Happy shopping folks & there is no better time 2 bargain hunt. Cheers …
Not to mention some of these unsold units may end up as pre-registered units. Basically brand new secondhand cars….with big discounts.
Now isn’t a time to saddle oneself with a new car unless you have more money than you know what to do with. Stick with your existing car for a while or pick up a good used one for cheap and drive for a few years.
VW Drop Everything incoming…
But this time probably Toyota Drop Everything also incoming. Or DVDAVN, reverse camera, push start across all range for all models lol. Or free leather seat across all range.
For Nissan probably free NISMO performance degradation bodykits. and RM1 for cam recorder. lol
For Perodua, maybe suddenly out of no where they say can fit VSC for all models for all range lol. Dreaming.
Well economy is *real* bad. Just wait until manufacturers start to put in what are supposedly should be there, then consider again. Otherwise just let them rent the parking space for stock piling.
China cars on the road more…
When Landwind and zotyre sr9 coming? LOL
There are two ways to bring car prices down, the government and the consumer way. I believe the consumer way is the better option now because the current situation favours the consumers/buyers. Delay purchases to get more discounts and goodies especially during the festive seasons and year end.
times are bad…. unemployment rate is increasing, who wants to buy car when they need food on the table?