Vehicle sales up 43% to 44,066 units in September

By RAHIMI YUNUS / Pic By TMR File

VEHICLE sales in September increased by 43% year-on-year to 44,666 units compared to 31,240 achieved in the same month last year, based on Malaysian Automotive Association (MAA) statistics.

The passenger vehicle segment grew by 49% from 27,018 to 40,266 units, while commercial vehicle segment sold 178 units more, or 4.2% to 4,400 from 4,222 in the same month in 2018.

Total industry volume, which is the total of both segments, however, declined by 13% or 6,482 units less compared to the volume in August 2019.

Short working month due to public holidays, as well as consumers’ wait-and-see attitude pending the Budget 2020 announcement have contributed to the lower sales in September, said MAA.

To date, the industry sold 442,991 units of vehicles, standing at 74% of MAA’s forecast of 600,000.

Local carmakers have to deliver 157,009 vehicles in the final three months of the year to achieve the target.

Sales volume is expected to be spurred by the seasonal year-end promotional campaign by automakers. Proton Holdings Bhd has been among the frontrunners in terms of sales this year.

The carmaker beats its own last year’s nine-month sales figure of 64,744 after delivering 70,330 units, including exports, this year.

Its flagship SUV, the X70 has been the main sales driver, besides facelifted models such as Saga, Iriz and Persona.

In September, the carmaker’s market share climbed to a 66-month high of 20.2% with 8,934 units sold during the month versus 4,524 units sold in the same month last year, mainly contributed by sales of the new Saga.

MAA said sales figure in October is expected to be better than the September level attributable to a longer working month.

On the production side, carmakers produced 45,101 units in September, up 22% from 37,000 in the same month last year.

To date, 426,041 vehicles have been manufactured, an increase of 5,543 units or 1.3% from 420,498 units.