View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 23, 2011updated 08 Apr 2021 8:17am

MALAYSIA: sales rise by 8% in January

New vehicle sales in Malaysia increased by 8% to 54,696 units in January, from 50,622 units a year earlier, according to data released by the Malaysia Automotive Association (MAA).

New vehicle sales in Malaysia increased by 8% to 54,696 units in January, from 50,622 units a year earlier, according to data released by the Malaysia Automotive Association (MAA).

The market was lifted by buying activity ahead of the Chinese New Year, according to the Association.

The domestic economy continues to benefit from buoyant consumer and business confidence, helped by still relatively low interest rates. The MAA does expect the market to be weaker in February, however, as a result of fewer working days due to the New Year holidays.

Sales of passenger cars increased by 7.9% to 49,589 units in January – from 45,973 units a year earlier – while commercial vehicle sales jumped nearly 10% to 5,109 units, from 4,649 units previously.

Vehicle production increased by 17.5% to 60,283 units, from 51,296 units a year earlier, with passenger car output up by 19.6% at 55,217 units and commercial vehicle output dropping slightly, by 1.1% to 5,066 units.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto