Friday, May 13, 2011

April vehicle sales up 4.4% to 50,936 units, production falls 24.6%

KUALA LUMPUR: Vehicle sales rose 4.4% in April to 50,936 units from 48,812 units a year ago but a decline in production by 24.6% to 37,419 units has prompted the Malaysian Automotive Association (MAA) to expect sales volume to slip in May.

It said on May 13, of the 50,936 units sold, 45,335 were passenger vehicles and the remaining 5,601 were commercial vehicles.

'Year-on-year sale volume in April 2011 registered an increase of 4.35% for the second consecutive month despite production slipping by 24.7% against the same month last year,' it said MAA.

On the April sales performance, the MAA said consumer sentiments for new vehicles remained stable. However, it noted there were downward adjustments in production due to the interruption in the supply as some of the original equipment components caused by the earthquake and tsunami in Japan on March 11.

In terms of production, it said there was a sharp decline of 24.6% to 37,419 units in April compared with 49,666 a year ago. Of the 37,419 units, the MAA said 34,198 units were passenger vehicles and 3,221 commercial vehicles.

As for May, it said the sales volume was expected to be lower due to the shortfall in production beginning in April and the 'visibility of the impact of the earthquake and tsunami on supply would continue'.

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