Malaysian Automakers Not Panicked By Sales Slide
An industry group says anticipation of the launch of the locally built Perodua Axia and Proton Iriz curtailed bookings for other models, and stricter requirements for vehicle loans impacted sales, as well.
Malaysia’s new-vehicle sales take a hit in September, but the industry says it’s not all bad news.
The Malaysian Automotive Assn. says deliveries fell 13.1% to 47,771 units from year-ago’s 54,945.
Car deliveries dived 14.5% during the month to 41,397 units, while commercial-vehicle sales eased 2.4% to 6,374.
The MAA says the downslide came as anticipation of the launch of the locally built Perodua Axia and Proton Iriz affected bookings for other models, and stricter requirements for vehicle loans impacted sales.
Consumers also were in a wait-and-see mode pending the release of the government’s national budget for 2015.
The MAA says October was expected to see volume above the previous month, boosted by deliveries of the Axia and Iriz cars and buyers adjusting to the stricter loan criteria.
Despite the September downturn, year-to-date sales remained ahead almost 1% to 492,305 units.
Year-to-date production of 452,167 light vehicles was up 2.8% from a year-ago 439,868. With September deliveries slowing, local production for the month was off 8.4% to 49,479 units.
Local production of 414,667 cars was up 4.6% from 396,586 a year ago. CV output was down 13.4% to 37,500.
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