Malaysia’s vehicle sales see a 6-year-low

According to media reports, data from the Malaysian Automotive Association (MAA) showed that Malaysia’s total vehicle sales declined by 12.5% to 49,085 vehicles in November compared with 56,068 vehicles in the same period of last year. The drop was attributed to the weak economic conditions and cautious consumer sentiment. On a monthly basis, however, sales were up by 2.5%.

Of the 49,085 units sold, passenger vehicles accounted for 43,550 units while commercial vehicles accounted for the remaining 5,535 units.

The data also showed that Malaysia’s vehicle sales declined by around 13.7% to 515,293 units in the first eleven months of 2016, down 82,013 units from a year earlier.

MAA predicts that the auto sales for December will be a bit better as the year-end festive promotions are continuing and consumers might tend to buy beforehand in case of a possible hike next year.