After a very soft month in September, in which car sales plunged following the end of the tax holiday, things expectedly picked up in October as a result of stocks being replenished. The reintroduction of the sales and services tax (SST) didn’t really blunt vehicle purchasing, especially with CKD prices being lower than – or identical to – that with GST.
Sales in October totalled 47,273 units, an increase of 11,032 units or 35% over the 31,241 units recorded in September. Year-on-year, October’s numbers were a shade ahead of that managed during the corresponding month in 2017, being 232 units or 0.5% higher.
Here’s a quick breakdown of how most brands peformed in October. The swell in sales meant that there were plenty of gainers. Market leader Perodua topped that chart for the month, with a 106.2% increase. Second-placed Honda recorded a 46.0% increase, while third-placed Proton saw a relatively small 12.6% hike in sales for the month, with Toyota (+57.8%) and Nissan (+24.8%) rounding off things positively for the top five for the month.
Other gainers were Mazda (+37.4%) and Volkswagen (+50.8%), while brands that saw a drop included Ford (-15.7%), Peugeot (-12.7%) and Subaru (-34.0%).
In the premium segment, Mercedes saw a steep rise (+72.9%), but it ended just below BMW (-7.9%) for the month, while Volvo also had a positive October with a 26.4% gain. Elsewhere, things were not as rosy for MINI (-23.1%) and Lexus (-45.5%). Audi’s sales figures were not reported.
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AI-generated Summary ✨
Comments predominantly discuss the car sales data, highlighting Perodua's leading sales, Proton's struggle to reach last year's figures, and declines in Toyota's market share. Several comments compare prices and resale values, often criticizing specific brands like Toyota and Honda. There is skepticism about certain manufacturers' performance and marketing approaches, with some humor and mockery towards brands like Audi and Toyota. Overall, sentiments reveal concern over declining sales and brand competitiveness in the Malaysian automotive market.