Sept 2024 Malaysian vehicle sales down 20% – MAA

Posted in Local News, MAA Vehicle Sales Data / By /

Sept 2024 Malaysian vehicle sales down 20% – MAA

The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of September 2024, which saw a total of 58,032 vehicles delivered to customers. This represents a drop of 19.8%, or 14,335 units, from the 72,367 units (originally reported as 71,162 units) sold in August 2024.

The August sales figure is also 14.9% (or 10,142 units) lower than that achieved in the same month in 2023. According to the association, the decrease in numbers last month stemmed from a shorter working month and was also due to consumers adopting a wait-and-see attitude pending the Budget 2025 announcement this month.

As for total industry volume (TIV) figures, 594,037 vehicles were sold in the first nine months of 2024, which is 3.9% higher than than the same period in 2023, when 571,957 units were shifted.

Vehicle production also dropped last month, with 55,383 vehicles rolling off assembly lines. This is around 20% less than in August 2024, when 69,133 units were produced. However, total vehicle production for the year remains higher at 593,050 units compared to the 566,442 units built in the corresponding period last year.

For the month of October 2024, the association said it expects sales to pick up and be higher than that recorded for August.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • Nurul Izzah on Oct 16, 2024 at 11:19 am

    Anwar menang kereta murah

    Like or Dislike: Thumb up 2 Thumb down 7
    Reply
    • Rakyat Malaysia on Oct 16, 2024 at 6:49 pm

      Rakyat has lost confidence in Madani & PMX ady. High time for them to TURUN! TURUN! TURUN! Or else rakyat will demand TURUN REFORMATI! TURUN REFORMATI! TURUN REFORMATI!

      Like or Dislike: Thumb up 10 Thumb down 2
      Reply
      • Still waiting for empty promises on Oct 16, 2024 at 11:32 pm

        Sedaghe sedaghe…
        Hari saya menang…
        Esok harga kete turun…
        Saya ulanggg….

        Like or Dislike: Thumb up 5 Thumb down 1
        Reply
      • reality is on Oct 17, 2024 at 10:34 pm

        ringgit strong against usd, from 4.8 to 4.1

        civil servants enjoy 13% pay rise.

        klci stock market rocket to 1670 points, next year epf sure give high dividends.

        voters will know who to vote for.

        Like or Dislike: Thumb up 1 Thumb down 0
        Reply
  • Kam on Oct 16, 2024 at 11:54 am

    20% consider very big drop, hopefully gov can find ways to stimulate the market in next budget presentation

    Like or Dislike: Thumb up 7 Thumb down 0
    Reply
    • Plain BS on Oct 17, 2024 at 5:01 pm

      No hope lah. This gomen will only stimulate the top T20 by giving them more incentives & tax deductions but will punish rakyat marhaen with subsidy removals and return of GST.

      Like or Dislike: Thumb up 3 Thumb down 0
      Reply
 

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