The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of January 2020. A total of 42,623 units were delivered in the first month of the year, which is 12,219 units – or 22.2% – less than the 54,842 units recorded in December 2019.
The association said the drop in sales was due to the short working month brought about by Chinese New Year festive holidays, as well as market uncertainty following the announcement of the implementation of new excise duty regulations.
Year-on-year numbers for January were also lower than the corresponding period last year, in this case by 5,827 units, or 12.03% lower.
For the month of February 2020, the association expects that despite the short month, the sales volume will be slightly better than January, now that issues pertaining to CKD vehicle excise duty valuation have been resolved.
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PT needs to add another column for FV “Flying Vehicles” very soon. Kickstart by the neo ruler of MOT
Gudnews keep coming since monday.. syukur.
– Mazda2 b-segmen car RM104K.
– Malaysia Autoshow 2020 cancel
– Malaysia car sales Down 22%.
Hidup perikatan muafakat!!
Tahniah PM ke-8 , Malaysia makin sejahtera…
Syukur Malaysia masih aman dan PM8 boleh naik tanpa masalah. Negara aman, rakyat makmur, semuanya ok.
Syabas kepada warga malaysia menyembut kembali GST 20%
Masa GST dulu harga kereta murah…. saya rindu zaman GST
Tahniah PM ke-8 , Malaysia makin sejahtera …
Since biz are pretty bad, while bosses withheld bonus, many people could not have money to book new cars.
Oso, COVID19 made ppl worried about visiting public places. just look around shopping centres in KL…..not many people around.
Vehicle sales down 22% but Proton sales up 24%. Proton sales are astounding! Well done Najib! You made this happen!
Syukur x1000. Even though sales figure drop, salesmen/saleswomen still have their job, and car showrooms still open 7days week, able to enjoy aircond, and provide free mineral water for people.
Malaysia sejahtera aman damai.
It will continue to plunge… so if you can short the sales number, go and make some big bucks!
NEW CAR sales will continue to drop,make no mistake.
Honda,citing new excise duty structures increase prices.Mazda increase price even on CBU mazda 2.
Distributors who need sales are withholding price increase,like UMW,Proton,Tan Chong.
All businesses are down except masks,gloves,condoms,and sanitisers.So,how many people still want to buy new cars?
Yessiree! Didn’t i tell you guys Honda was just the start, and many more will raise their prices sooner rather than later?
MAA, please give more detailed analysis and fundamental reasons on why there is a drastic drop in car sales figures. Surely by now you should be able to do so after so many years in collating auto industry data.
Be transparent on the analysis and don’t give any more crap reasons like shorter working month, due to festive season, salesman all balik cuti etc.
crunch time. economic reality comes to bite.