Total auto sales lower in August, says MAA

By MARK RAO / Pic By MUHD AMIN NAHARUL

TOTAL automotive sales slipped in August despite marginally higher production, and the trend is projected to continue in this month due to the shorter working period.

According to the Malaysian Automotive Association (MAA), both passenger and commercial vehicles registered a total sale of 51,720 units last month, which is a 0.95% decrease from the 52,219 units sold in the previous year’s corresponding period.

Of the total, 46,010 units are from the passenger vehicles segment, while the remaining 5,710 are commercial vehicles.

A statement by MAA also stated the short working month of September is expected to weigh down the total units sold, with a little off-set from ongoing promotional campaigns conducted by respective automakers.

The August performance for the automotive industry was, however, an improvement of 6.5% from the figure reported in July.

MAA said the stronger showing was supported by promotional campaigns by car companies and the fulfilment of back orders as the “e-daftar” system returned to normalcy.

Year-to-date (YTD), the total industry volume rose by 3.9% year-on-year (YoY) to 384,730 units sold, even though sales of commercial vehicles took a tumble with a 5.8% decline to 39,447 units over the same period.

Production for the industry was relatively flat for August, rolling out 43,688 units compared to the 43,452 units in the corresponding period last year — representing a 0.54% increase.

Passenger vehicles contributed to the majority of production at 40,206 units, while 3,482 commercial vehicles were rolled out. YTD, production fell by 0.7% YoY to 342,958 units.