Malaysia's new vehicle market rose by just over 4% to 42,784 units in February 2021 from 41,088 units in the same month of last year, based on registration data released by the Malaysian Automotive Association (MAA).
The association said showroom visits increased significantly in the month after the government lifted the Movement Control Order (MCO) it re-imposed at the beginning of the year following a spike in COVID-19 infections. Month-on-month, the market rebounded by over 30% after declining by 51% to 32,829 units in January.
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In the first two months of the year, the market was by still down by over 10% at 75,613 units from 84,030 units a year earlier, with passenger vehicles sales amounting to 66,795 units and commercial vehicle sales 8,818 units.
The market was expected to improve further in March, as February sales were also held back by this year's Lunar New Year holidays.
Proton reported separately its sales increased by 20% year-on-year to 11,873 units last month while year-to-date sales amounted to 17,837 units, helped by strong demand for the new Geely-based X50 compact SUV.
Perodua said it sold 16,583 vehicles units in February and 33,477 units in the first two months of the year, while Toyota sold 5,074 units last month and 8,919 units year-to-date.
