KUALA LUMPUR: Vehicle sales picked up marginally in July, 2010, recording a 2.9% increase to 53,482 units from 51,967 units a year ago but the Malaysian Automotive Association (MAA) expects sales volume to pick up in August.
The MAA said on Friday, Aug 13 it expects an improvement in August sales due to a "rush for deliveries in conjunction with the Hari Raya season, which is supported by higher production".
For July, out of the 53,482 vehicles sold, passenger vehicles accounted for 48,143 units and commercial vehicles 5,339. ''
It said the higher sales in July was due to the fulfillment of back orders carried over from the previous month and also due to countermeasures taken by car companies to negate the impact of the increase in hire purchase rates.
The MAA said during the seven-month period up to July, vehicle sales rose to 354,559 units, an increase of 51,287 units or 16.9% from 303,272 units in the previous corresponding period.
The data showed car manufacturers had ramped up production in July to 58,004 units, which was a 23.2% increase from the 47,073 units a year ago. Of the 58,004 units, passenger vehicles accounted from 53,629 units and the rest commercial vehicles.
For the seven months ended July, production increased by 27% to 351,787 units from the 276,915 units in the previous corresponding period.
The MAA said on Friday, Aug 13 it expects an improvement in August sales due to a "rush for deliveries in conjunction with the Hari Raya season, which is supported by higher production".
For July, out of the 53,482 vehicles sold, passenger vehicles accounted for 48,143 units and commercial vehicles 5,339. ''
It said the higher sales in July was due to the fulfillment of back orders carried over from the previous month and also due to countermeasures taken by car companies to negate the impact of the increase in hire purchase rates.
The MAA said during the seven-month period up to July, vehicle sales rose to 354,559 units, an increase of 51,287 units or 16.9% from 303,272 units in the previous corresponding period.
The data showed car manufacturers had ramped up production in July to 58,004 units, which was a 23.2% increase from the 47,073 units a year ago. Of the 58,004 units, passenger vehicles accounted from 53,629 units and the rest commercial vehicles.
For the seven months ended July, production increased by 27% to 351,787 units from the 276,915 units in the previous corresponding period.
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