Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Malaysia’s vehicle sales slump 25% on year in February

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/03/2016 (11:23)
According to media reports, data from the Malaysian Automotive Association (MAA) showed that Malaysia’s total vehicle sales declined 24.8% to 37,876 vehicles in February compared with 50,390 vehicles in the same month of 2015. On a monthly basis, meanwhile, sales also fell 15.1% compared with January’s 44,591 units. The MAA cited a shorter working month and stricter lending standards on the part of banks.

Of the 37,876 units sold, passenger vehicles accounted for 34,126 units while commercial vehicles accounted for the remaining 3,750 units.

The data also showed that Malaysia’s vehicle production also declined to 35,130 units in February from 46,958 units from a year earlier. Passenger vehicle production held steady at 33,480 units while commercial vehicle production accounted for 1,650 units.

The MAA also reported that they expect vehicles sales to rebound in March due to the longer working month and promotional campaigns by car companies.
Free Trial
Member Login