MALAYSIA: Vehicle sales jump 35% in January
New vehicle sales in Malaysia jumped by 34.5% to 55,066 units in January, from a very depressed 40,948 units a year earlier, according to the Malaysian Automotive Association (MAA).
In January last year, the market was affected by the introduction of lengthier registration procedures and higher minimum down-payments on car loans. Sales last year were also affected by fewer working days due to the Lunar New Year holidays, which this year fell in February.
The MAA said a spill-over from December’s strong promotional activity also helped last month’s sales. Passenger vehicle sales increased by 32.1% to 48,720, from 36,864 units a year earlier, while commercial vehicle sales increased by 55.4% to 6,346 units, from 4,084 units.
Sectors: Emerging markets
- Kia K900 knocks on big brands' door
- VEHICLE ANALYSIS: 2015MY Mitsubishi L200 Barbarian
- Global light vehicle market developments
- Daimler - Q2 results insight
- THE WEEK THAT WAS: Results season again
- Jaguar Land Rover buys British classic cars hoard
- New alloy developed for new Jag
- INTERVIEW: Audi's 'Mr RHD' retires
- JLR China cuts prices amid anti-trust probe
- Tata Motors to assemble in Venezuela