Malaysian new vehicle sales declined by 1.8% to 48,282 units in November from 49,187 units in the same month last year, according to the Malaysian Automotive Association (MAA).
The market looks to have stabilised after a 24% year-on-year drop in September, when the government re-introduced the 10% Sales and Services Tax (SST) following a three-month holiday.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Passenger vehicle sales were 0.5% higher at 43,364 units in November, while commercial vehicle sales plunged by over 18% to 4,918 units.
In the first eleven months of the year overall vehicle sales were 5.3% higher at 550,526 units compared with 522,906 units in the same period of 2017.
Market leader Perodua sold 208,841 vehicles domestically in the first eleven months of the year; followed by Honda with 94,261 units, Toyota 61,241 units; Proton 59,146 units; and Nissan 25,740 units.
Vehicle production in the country rose by close to 19% to 50,304 units in November and by 12.6% to 522,571 units year-to-date.
