Vehicle sales in Malaysia fell by 3.8% in July to 51,928 units, compared with peak sales of 53,984 units a year earlier, according to data released by the Malaysian Automotive Association (MAA).
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In the first seven months of the year, sales fell by 8.7% to 303,020 units, compared with 331,957 units a year earlier.
The MAA is increasingly optimistic about the outlook for the market in the second half and has increased it full-year forecasts to 500,000 from 480,000 earlier. It pointed out that month-on-month, sales rose by 14.9% in July compared with 47,332 units in June –which it sees as a very positive sign.
Dealers began to offer discounts and other incentives in July in the lead up to the Hari Raya/Aidul Fitri holidays in September and this has provided some support to the local passenger vehicle market, according to local market watchers.
Tony Pugliese
