Vehicle sales in the country dipped last month compared to that achieved in April – a total of 42,983 units were registered in May, and the total was 4,106 units, or 9% less, than the previous month.
The slow movement was attributed to the government’s announcement to set the goods and services tax (GST) rate at 0% in mid-May, resulting in customers holding back on their purchase due to uncertainty.
Here’s a quick breakdown of how most brands performed in May. There were not many gainers, but market leader Perodua (+10.2%), Honda (+4.4%), Proton (+2.3%) and Nissan (+29.8%) were brands that showed positive movement. Based on Malaysian Automotive Association (MAA) figures, Perodua’s share of the market 51.1% for May, and its closest competitor was Honda, which had 18.7% of the pie.
Notably, with last month’s numbers, national automaker Proton is now back in third spot in terms of year-to-date numbers, edging in front of Toyota – Proton’s market share is just under 10%. Elsewhere, Kia was also one of those ending up with a green arrow, though the gain was marginal, by just one unit more than that it managed in April.
Meanwhile, brands that saw a decline in sales were Toyota (-63.3%), Mazda (-45.3%), Ford (-45.9%), Mitsubishi (-59.2%), Subaru (-53.9%), Volkswagen (-68.2%), Hyundai (-56.9%) and Peugeot (-56.2%).
As expected with the 0% GST announcement, sales of premium vehicles went out the window in May, with Mercedes-Benz (-26.5%), BMW (-40%), Mini (-36.4%), Volvo (-78.2%), Audi (-86.4%) and Lexus (-92.5%) all recording a slump in numbers. Jaguar ended May having shifted zero cars, from nine the previous month.
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AI-generated Summary ✨
Comments generally express concern over declining sales for brands like Toyota, Proton, and Volvo, with some highlighting Perodua’s strong 50% market share. Many see Toyota’s sales drop as a sign of outdated models or market shifts, while others praise Nissan’s recent growth. Several comments criticize the high costs and perceived poor quality of older or expensive brands. There is overall skepticism about long-term brand vitality, with some optimism towards Proton and perceptions that local management influences sales performance.