Auto Sales In May Up 25.1 Percent Year-on-year
KUALA LUMPUR, June 18 (Bernama) — Malaysia’s total vehicle sales increased 25 percent or by 9,604 units to 47,931 units in May this year compared with 38,327 units recorded in May last year, the Malaysian Automotive Association said Wednesday.
However, sales volume was 4.7 percent or 2,348 units lower than it was in April this year due to reduced consumers’ confidence following the rising costs of goods.
As for the vehicles sold in May this year, passenger cars accounted for 43,642 units and commercial vehicles 4,289 units.
In terms of production, total industry production in May increased to 42,558 units from 40,741 units in the same month last year, MAA said.
Of the total, production of passenger cars accounted for 39,249 units and commercial vehicles 3,309 units.
On the outlook for June, MAA said the fuel price hike might have an impact on sales.