Malaysia February Sales, Builds Up By Double Digits
After starting the year in a hole with January sales falling 31% from prior-month, February deliveries pushed the year-to-date result up 5.6% to 87,122 units.
Malaysia’s new-vehicle sales rose 12.1% year-on-year in February to 42,455 units.
Releasing the latest figures, the Motor Industry Assn. says the result was down 5% from January and blamed both the shorter working month in February and unchanged market conditions.
It’s been a slow start to the year after January sales fell 31% from December, but the February performance pushed the year-to-date result up 5.6% to 87,122 units.
“Sales volume for March is expected to be better than the February level,” the association says in a statement.
Car sales rose 14.2% to 38,881 units in February, more than offsetting a 6.4% fall in light-commercial deliveries to 3,574.
After two months, car sales were up 7% at 79,175 units while the CV market was off 9.4% at 7,947.
Perhaps sensing a market recovery, local automakers boosted February production a healthy 22.8% to 43,127 units. Car output rose 20.6% to 40,392, while the CV build jumped 65.8% to 2,735 units.
Local production was up 8.4% after two months at 88,659 units. Car assemblies climbed 9.2% to 83,159 units, while the CV build slipped 1.8% to 5,500.
Honda, the best-selling non-national brand in Malaysia, celebrated the delivery of the 250,000th City, 16 years after it debuted.
Honda Malaysia, which last year sold 91,830 units, aims to top 100,000 this year and predicts the Malaysian market will top 600,000.
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