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    MALAYSIAN AUTOMOTIVE ASSOCIATION

    Nov 20 – The sales of passenger and commercial vehicles in October this year fell to 37,512 units from 42,915 units a year ago, and it was also down 26.1 percent when compared with sales in September this year.

    Lower consumer confidence due to uncertainties caused by the current global financial crisis was attributed as the main reason, by the Malaysian Automotive Association (MAA) in a statement Thursday.

    It said the sales of passenger vehicles in October fell to 33,418 units from 39,198 units in the same month last year.

    However, sales of commercial vehicles in October increased to 4,094 units from 3,717 units a year ago.

    MAA said the overall figures were also still higher this year compared to 2007, with total sales for the first 10 months of this year rising to 467,425 units from 401,149 units in the same period of 2007.

    It said the sales of passenger vehicles rose to 425,811 units for Jan-Oct 2008 period against 364,740 units in the same period of 2007, while that of commercial vehicles was also higher at 41,614 units compared to 36,409 units previously.

    The sales volume in November meanwhile is expected to be maintained amid a year-end seasonal trend.

    On the production side, MAA said the volume in October was higher with total production of passenger and commercial vehicles going up to 46,281 units from 34,629 units a year ago.

    It said the production of passenger vehicles rose to 41,840 units in October from 31,480 units in the same month last year, while that of commercial vehicles rose to 4,441 units from 3,149 units.

    On the production for January to October period, MAA said the total production was 449,988 units, higher than 361,969 units in the same period in 2007.

    It said the production of passenger vehicles in the first 10 months rose to 410,434 units from 330,001 units in the same period last year, while that of commercial vehicles went up to 39,554 units from 31,968 units.

    Source:Bernama

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