According to road transport department JPJ, the new vehicle registration is increasing to more than 2.86% compare to last year. This is caused by more people have started a new work and buying new car for raya. read full news below.
The number of vehicles registered in the first half of 2011 rose 2.86 per cent to 333,258 from 324,001 in the same period last year.
If the figure included motorcycles, it grew 5.25 per cent to 614,775 from 584,088 previously, said Transport Minister Datuk Seri Kong Cho Ha, referring to the Road Transport Department statistics.
“We expect total sales to well exceed one million this year,” he told reporters here today.
He was commenting on the Malaysian Automotive Association’s move to revise downward its new car sales forecast by 1.6 per cent to 608,000 units for the whole year.
The industry association said yesterday that total industry volume dropped to 297,203 units in the first six months from 301,115 units in the first half of 2010.
In June alone, it said, new car sales dropped to 41,790 from 54,005 units a year ago, bogged down by the amended Hire Purchase Act 1967 and supply issue.
Kong also said the 8.24 per cent spike in motorcycle sales to 281,517 from 260,087 did not indicate buyers were downgrading.
It was because more young people starting work and more sales in rural areas, he added.