Malaysia October, YTD Sales Up, But Downturn Expected
November sales are forecast to fall as flooding in neighboring Thailand disrupts vehicle production as well as parts availability.
Vehicle sales in Malaysia rose 2.6% year-on-year in October to 53,654 units and while the result was up 21% from September, the Malaysian Automotive Assn. expects deliveries will drop in November.
New-car sales of 47,493 units in October inched up 2.2% from 46,439 prior-year, while commercial-vehicle deliveries increased up 8% to 4,435 from 5,858 a year earlier.
Top-seller Perodua Myvi rides Malaysia sales rollercoaster.
The result left the 10-month total at 503,898 units, down fractionally from 505,546 year-ago.
The association expects lower sales this month because of flooding in neighboring Thailand, which will disrupt complete-knocked-down and completely built-up vehicle production as well as parts supplies.
Malaysian output fell 5.1% to 49,984 units in October from prior-year’s 52,698. Passenger-car output slipped 6.2% to 45,549 units, while CV production climbed 8% to 4,435.
After 10 months, production of 466,400 units was down 4.8% from 489,929 in like-2010.
Passenger-cars output dipped 5% to 428,550 units, while CV assemblies slipped 2.5% to 37,850.
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