The Malaysian Automotive Association (MAA) has released vehicle sales date for the month of October 2020, and the numbers for the month are marginally higher than that of September. A total of 56,670 units were delivered last month, which was 226 units or 0.4% more than the 56,444 units sold in September.
The month’s sales were also slightly better than the corresponding period last year, in which 53,870 units were shifted. This makes October 2020’s numbers higher than 2019’s by 2,800 units, or a 5.2% improvement. However, year-to-date numbers are still lagging behind 2019. Ten months in, the total for 2020 is at 398,159 units, which is 98,696 units less than the 496,855 units managed in the same period last year.
The association attributes the sales performance in October to the ongoing sales tax exemption in place until the end of the year as well as interest in new model launches and on-going promotional campaigns by car companies.
However, the association is projecting sales volume in November to be lower than last month, with the month being impacted by the implementation of the ongoing conditional movement control order (CMCO) in most states. It said that this has resulted in reduced traffic volume to automotive showrooms.
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The production figure of 58,631 units is quite an achievement. the most recent month of high output (apart from Oct 2019) was January 2018 with 68,210 units. For comparison, both 2018 and 2019 averaged circa 47,000 units per month. I wonder which company contributed to such a dramatic increase in production…
Thanks to the revival of P1 of course.
UMW and DRB-HCOM controlled 85% market.