Friday, October 14, 2011

September vehicle sales slump 24% on-month

KUALA LUMPUR: Sales of vehicles in Malaysia totalled 44,407 units in September, which was a 24% decline from August but the Malaysian Automotive Association (MAA) expects sales to pick up in October.

It said on Friday, Oct 14 the lower September sales were due to the cooling-off period after the rush for deliveries in August during the Hari Raya and Merdeka celebrations. Another factor for the slower sales was the shorter working month due the festivities.

As for the outlook for October, MAA expected the sales to be higher than September due to the 'longer working month, market conditions returning to normalcy'.

For September, the MAA said 39,628 passenger vehicles were sold (versus 38,761 units in September 2010) and 4,779 commercial vehicles (4,682 units in September 2010).

Year-to-date, passenger vehicle sales were 402,676 units (408,450 units from January-September 2010) and commercial vehicles at 47,568 units (44,799 units from January-September 2010).

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