KUALA LUMPUR: Vehicles sales in Malaysia will dip to 615,900 units in 2011 from the earlier projected 623,000 units due to supply chain disruptions from the impact of the March 11 Japan earthquake, according to Frost & Sullivan.
It said that TIV for 2011 would be impacted due to production slowdown and delay in key models launches by automakers.
Frost & Sullivan partner and head of the automotive and transportation practice for Asia Pacific Kavan Mukhtyar said that the newly amended Hire Purchase Act was also likely to have an impact on TIV due to the longer lead time to complete the car purchase process.
'Vehicle sales may have been slowed down considerably in the second quarter of 2011 but will likely pick up in early August due to the rush for Perodua Myvi delivery leading to Hari Raya Aidilfitri celebrations and Japanese automakers ramping up production,' he said in a statement Thursday, July 14.
Mukhtyar said that TIV would continue to be aided by launch of key models launch. He added that the new Perodua Myvi, launched in the middle of June, has received more than 17,000 bookings as of mid-July.
He said that the B-segment (small & compact cars) will continue its growth in 2011, increasing 8 per cent year-on-year to 88,700 units, mainly driven by the highly anticipated sales of the new Perodua Myvi.
The A-segment however, would continue to see a dip and is expected to decline by 8 per cent year-on-year to 64,700 units due to a lack of new models and possible customer migration towards the new Perodua Myvi, he said.
Meanwhile, sales in the C-segment (mid-size sedans) were expected to increase 5% year-on-year (y-o-y) to 138,800 units while sales in the D segment (premium & large sedans) are likely to increase 10% y-o-y to 96,100 units, he said.
Sales for multi-purpose vehicles (MPVs) were expected decline 14% y-o-y to 92,600 units from 107,700 units last year, mainly due to the normalizing sales of the Proton Exora and Perodua Alza.
'The decline in MPV sales is expected and normal after the spectacular growth in the segment in 2010.
'Other than a few new facelift models, no other brand new model launches are expected this year in the MPV space,' said Mukhtyar.
He said that the demand for 4x4/sports utility vehicles (SUV) was expected to be the fastest growing segment in the passenger vehicle segment, growing 30 per cent year-on-year to 20,000 units spurred by the sales of the Honda CRV, Hyundai Tucson, Naza/Kia Sorento and Mitsubishi ASX.
In the commercial vehicle segment, sales of pick-up trucks were expected to increase by 10% to 44,500 units this year based on continued robust sales of Toyota Hilux, Mitsubishi Triton and Isuzu DMAX, he said.
Other commercial vehicles such as buses, trucks and prime movers are also likely to see sales increase by 3% y-o-y to 70,400 units in 2011, he said.
It said that TIV for 2011 would be impacted due to production slowdown and delay in key models launches by automakers.
Frost & Sullivan partner and head of the automotive and transportation practice for Asia Pacific Kavan Mukhtyar said that the newly amended Hire Purchase Act was also likely to have an impact on TIV due to the longer lead time to complete the car purchase process.
'Vehicle sales may have been slowed down considerably in the second quarter of 2011 but will likely pick up in early August due to the rush for Perodua Myvi delivery leading to Hari Raya Aidilfitri celebrations and Japanese automakers ramping up production,' he said in a statement Thursday, July 14.
Mukhtyar said that TIV would continue to be aided by launch of key models launch. He added that the new Perodua Myvi, launched in the middle of June, has received more than 17,000 bookings as of mid-July.
He said that the B-segment (small & compact cars) will continue its growth in 2011, increasing 8 per cent year-on-year to 88,700 units, mainly driven by the highly anticipated sales of the new Perodua Myvi.
The A-segment however, would continue to see a dip and is expected to decline by 8 per cent year-on-year to 64,700 units due to a lack of new models and possible customer migration towards the new Perodua Myvi, he said.
Meanwhile, sales in the C-segment (mid-size sedans) were expected to increase 5% year-on-year (y-o-y) to 138,800 units while sales in the D segment (premium & large sedans) are likely to increase 10% y-o-y to 96,100 units, he said.
Sales for multi-purpose vehicles (MPVs) were expected decline 14% y-o-y to 92,600 units from 107,700 units last year, mainly due to the normalizing sales of the Proton Exora and Perodua Alza.
'The decline in MPV sales is expected and normal after the spectacular growth in the segment in 2010.
'Other than a few new facelift models, no other brand new model launches are expected this year in the MPV space,' said Mukhtyar.
He said that the demand for 4x4/sports utility vehicles (SUV) was expected to be the fastest growing segment in the passenger vehicle segment, growing 30 per cent year-on-year to 20,000 units spurred by the sales of the Honda CRV, Hyundai Tucson, Naza/Kia Sorento and Mitsubishi ASX.
In the commercial vehicle segment, sales of pick-up trucks were expected to increase by 10% to 44,500 units this year based on continued robust sales of Toyota Hilux, Mitsubishi Triton and Isuzu DMAX, he said.
Other commercial vehicles such as buses, trucks and prime movers are also likely to see sales increase by 3% y-o-y to 70,400 units in 2011, he said.
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