The Malaysian Automotive Association (MAA) has released production and sales figures for the month of February 2017, and last month was a slow one for the local car market, with sales volume declining 5% (2,212 units) over January, which itself was 31% down compared to the year end rush of December 2016.
According to MAA’s notes that accompany the figures, the auto industry club says that the lower figures was due to February being a short working month. Market conditions, which aren’t the most rosy now, remain unchanged. However, both year-on-year and year-to-date figures are up by around 4,500 units, compared to in 2016.
MAA predicts that sales volume will rise in March, as this is a longer month compared to February. There’s also a continuation of attractive offers by car companies. Non-national market leader Honda has started 2017 on full throttle, launching the BR-V seven-seater in the first week of the year, followed by the facelifted City earlier this month. Overall market leader Perodua launched the Axia facelift in January.