Malaysia New-Car Sales Jump in August
The rise in deliveries partly is attributed to demand driven by the Hari Raya festival marking the end of Ramadan, the Islamic holy month of fasting.
New-vehicle sales rose 5.7% year-on-year in August to 58,382 units, the Malaysian Automotive Assn. says.
The government’s Bernama news agency says the result was up 16% from July, in part because of demand spurred by the Hari Raya festival marking the end of Ramadan, the Islamic holy month of fasting.
Car assemblies down 12.6%.
Passenger-car deliveries jumped 5.9% in August to 52,559 units, while commercial-vehicle sales were up 4.6% to 5,823.
The year-to-date total of 405,837 units was down almost 1% from prior-year’s 409,806. New-car sales slipped 1.8% to 363,048, but commercial sales rose 6.6% to 42,789.
Malaysian vehicle production in August fell 11.9% to 44,789 units, with car assemblies off 12.6% to 41,217 and commercial-vehicle output down 2.4% to 3,572.
The MAA expects September sales to be little-changed from August.
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