MALAYSIA: vehicle sales up by 13% in August

By Staff reporter | 24 September 2010

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.

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.