New vehicle sales in Malaysia rose by 8.7% to 40,654 units in February, from 37,386 a year earlier, according to data released by the Malaysian Automotive Association (MAA).
Month-on-month, sales fell by 19.7%, however, due to the Lunar New Year holidays in February. Passenger vehicle sales amounted to 36,552 units and commercial vehicles 4,103 units.
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Sales in the first two months of the year rose by 21% year-on-year to 88,008 units, reflecting improving domestic sentiment as economic conditions improve. Sales growth is expected to continue in subsequent months.
Tony Pugliese
