New vehicle registrations in Malaysia rose 13% to 55,208 units in August, from 48,937 a year earlier, according to data released by the Malaysian Automotive Association (MAA).
The market was lifted by continued low interest rates, strong economic growth and high production volumes in July – ahead of the annual Hari Raya holidays in August.
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Despite the seasonal boost, the market’s rate of growth has slowed compared with the almost 20% increase in the first half of the year – reflecting tougher year-earlier comparisons.
Sales of passenger cars rose by 12.5% to 49,806 units, from 44,135 units a year earlier, while sales of commercial vehicles were 15.9% higher at 5,566 units, compared with 4,802 units.
Cumulative sales for the eight-month period were up by 16% to 409,806 units, compared with 351,846 units in the previous year.
Sales in September are expected to be lower than in August due to a lull in the market following the recent pre-holiday delivery rush, the Association said.
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