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May 20, 2021

Malaysia recovery continues in April

An Asian market is recovering nicely after government measures to stop the spread of COVID-19 stopped the economy in its tracks a year ago.

Malaysia’s new vehicle market jumped to 57,912 units in April 2021 from just 152 units in the same month of last year, according to registration data released by the Malaysian Automotive Association (MAA).

The market last month rebounded from depressed year-earlier sales, when the country’s first Movement Control Order (MCO), introduced to slow the spread of the initial COVID pandemic, brought the economy to a halt.

The economy continued to decline in the first quarter of 2021, by 0.5% year-on-year after shrinking by 3.4% in the fourth quarter of last year. This was better than market expectations of a 2.0% fall and was helped by a sharp surge in exports. A strong economic rebound is expected from the second quarter from very weak year-earlier levels.

In the first four months of 2021, the vehicle market expanded by over 89% to 199,556 units from 105,424 units in the same period of last year, including 175,909 passenger vehicles and 23,647 commercial vehicles.

Proton reported separately its sales jumped to 15,017 units last month, with sales of its best-selling Saga model amounting to 5,472 units; followed by the X50 sub-compact SUV with 3,583 units; the Persona sub-compact car 2,266 units; and the X70 compact SUV with 2,101 units.

Perodua reported 20,399 sales in April, with deliveries of its newly-launched Ativa model amounting to 4,624 units. The brand’s total sales year-to-date rose by 74% to 78,304 units.

Toyota and Lexus distributor UMW Toyota Motor said its sales amounted to 9,280 units last month, while Mitsubishi reported 1,872 deliveries.

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