The Malaysian Automotive Association (MAA) has revealed vehicles sales data for the month of May 2023, which saw a total of 61,795 units delivered to customers. This represents a 32.7% increase from the 46,583 units sold in April 2023.
According to the association, the rebound was brought on by a few factors, including car companies fulfilling backlogged orders as well as bookings received for new model launches.
On a year-to-year basis, the number of vehicles sold in May 2023 is 22% higher when compared to May 2022, which saw sales hit 50,663 units for the month. The year-to-date (YTD) tally currently stands at 300,978 units, which is 12.3% higher when compared to the total industry volume (TIV) during the same period in 2022.
For the month of June 2023, the association expects sales to be maintained at the May 2023 level as demand for new motor vehicles is still resilient due to high backlogged orders, although registration volume might be slightly moderated.
As for production, May 2023 saw 64,930 vehicles produced, which is more than April 2023’s 41,160 units and a 32% increase compared to May 2022. The YTD production as of the end of May 2023 is at 304,484 units, 18% higher than the corresponding period last year.
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so another excuse to increase tax? BLR increase again soon?
If USA dips into a recession tomorrow,by next month the sales will spiral down south.
Once the car is at your garage…your commitment is 7-10 years easily.
Car n personal loans make up 15% of fresh bankruptcies.
Buy..with caution n back up plan,if possible.
Barang semua mahal, gaji tak naik, nak tarik subsidi minyak teruk la, api pun nak naik, intern perlu dibayar bukan buruh paksa.
Still car sales keep upticking. Defying logic.
When will Bank Negara revert to 5 to 7 years max hire purchase instead of 9-12 years.
eh! wait a minute! i thot after spending a gazillion RM on LRT, MRT, bus, train, public transport suppose to reduce car ownership? where did it go wrong??