April 2023 Malaysian vehicle sales down 41% – MAA

April 2023 Malaysian vehicle sales down 41% – MAA

The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of April 2023, which saw a total of 46,583 units being delivered to buyers. This is 41% lower when compared to the previous month of March 2023 that saw an industry all-time high of 78,849 units.

It should be noted that March 2023 was the final month for car companies to fulfil bookings made during the sales exemption period, hence the high sales volume recorded. The association also pointed out that last month’s sales total was affected by the Hari Raya holidays that resulted in short working month.

Compared to the same month last year, April 2023’s total is 19% lower than April 2022 (57,606 units). Even so, the year-to-date (YTD) total is higher in 2023 with 239,183 units compared to 217,452 units in 2022. For the month of May 2023, the association expects a higher sales volume than April 2023 due to the easing of supply chain issues and a longer working month.

As for production, April 2023 saw 41,160 units built, which is less than the 76,069 units recorded in March 2023. Last month’s production total is also less when compared to the same corresponding month of April 2022 that saw 54,734 units produced. In terms of YTD production, as of the end of April 2023, the total is 239,554 units, higher than the 208,894 units recorded in the same period last year.

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Gerard Lye

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

 

Comments

  • Nikhil neil on May 22, 2023 at 12:32 pm

    Good la, kurang jam sikit.. pls improve public transport la bro. Make driving as luxurious things to do in Malaysia, so ppl will use more public transport

    Like or Dislike: Thumb up 17 Thumb down 7
    • Financial Faiz..the bumiputra whizz kid on May 22, 2023 at 1:19 pm

      If May 2023 sales is same as April 2023..can u give any excuse?
      A shorter working month is just a nice excuse.If sales is that good,u can cram most of the deliveries like Feb.
      Yes,no doubt the salestax holiday has ended…but the main reason behind the drop is FINANCIAL PRUDENCE.
      Business confidence is not good or as rosy.So people r more cautious.If can kiv,just kiv until things r clearer.

      Like or Dislike: Thumb up 8 Thumb down 2
      • todak on May 22, 2023 at 2:50 pm

        3 months ago, the Malaysian Department of Insolvency had revealed that car loans are the second largest contributor to bankruptcy rates in 2022. Hopefully those who had rushed to purchase their new vehicles before the sales tax exemption deadline, will not suddenly find their finances in dire straits.

        Like or Dislike: Thumb up 5 Thumb down 0
    • Rakyat Malaysia on May 22, 2023 at 6:28 pm

      Habeslah PH Msia! Rakyat dah xde confidence in this gomen anymore!

      Like or Dislike: Thumb up 4 Thumb down 12
    • Paul Chan on May 23, 2023 at 10:06 am

      wont kurang jam lah bod0.
      Malaysians like to keep using 20, 30 year old cars. Resale value konon. All drive used old beat up junks on the road. Wont kurang jam at all.

      Like or Dislike: Thumb up 0 Thumb down 1
  • Malaise Moose Limbs on May 22, 2023 at 3:12 pm

    less impulsive consumers is a good indicator for nation’s economy lessen inflation

    Like or Dislike: Thumb up 3 Thumb down 0
  • Is a sign of correction. I hope these will pressure the car maker to take care of their QC and customer service

    Like or Dislike: Thumb up 3 Thumb down 0
  • resale value on May 23, 2023 at 10:14 am

    malaysians and their used cars.
    RESALE VALUE forever.
    forever using someone else’s old junk.

    Like or Dislike: Thumb up 1 Thumb down 1
 

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