New vehicle sales in Malaysia increased 12.7% year on year to a new monthly high of 63,265 units, according to data released by the Malaysian Automotive Association (MAA).
The association attributes this latest rise, which followed a flat year on year performance in February, to buyers bringing forward purchases in anticipation of possible stock shortages as a result of last month’s earthquakes in Japan.
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The rise will likely be short lived with shortages likely to squeeze the market in the coming months.
Passenger car sales rose by 11.8% to 56,483 units in March, from 50,533 units a year earlier, while commercial vehicles sales rose by 20.9% to 6,782, from 5,606 units. First quarter sales rose by 7.6% to 155,165 units, from 144,147 units a year earlier.
