June 2018 Malaysian vehicle sales up 50% from May

The Malaysian Automotive Association (MAA) has released sales and production figures for the month of June 2018, and it’s no surprise to see the numbers jump from that in May, when the government announced that the goods and services tax (GST) rate would be set at 0%, resulting in customers holding back on purchases for the rest of that month.

Thus, as a result of consumers taking advantage of the ‘tax holiday’ as well as Hari Raya festive season promotional campaigns and offers, the wave that came last month was expected, and it was a big one – sales totaled 64,502 units, which was 50% more than May, when 42,983 units were shifted.

Incidentally, the 50% increase was as that estimated by industry players at the start of tax-break period – not bad, that crystal ball.

The June total was also 28%, or 14,229 units, higher than in June 2017, and MAA says it’s the second highest sales mark ever achieved. As for year-to-date figures, the total for the first six months of the year amounted to 289,714 units, representing an increase of 1.85% from the 284,453 units for the same period last year.

For the month of July, the association expects sales to be maintained at or close to June 2018 levels, with customers continuing to shop for vehicles during the tax-break period.

Looking to sell your car? Sell it with Carro.