PETALING JAYA: Malaysia’s new vehicle sales fell 5.8% to 61,002 units in October compared with 64,762 units in October 2021, according to the Malaysian Automotive Association (MAA).
In a monthly statement, MAA said the sales of passenger vehicles (PV) accounted for 54,498 units while commercial vehicles (CV) comprised 6,504 units in October.
MAA said for the first 10 months of 2022, vehicle sales stood at 577,902 against 383,589 units a year ago.
“Year-to-date, sales volume for October 2022 was 50% higher than similar corresponding period year 2021.
“Total industry volume (TIV) for October 2022 was 10% lower than September 2022, which was at 67,698 units,” MAA said, adding that car manufacturers were still fulfilling bookings that were made prior to June 30, albeit at slower pace.
In terms of total production, 58,991 vehicles were produced in October compared with 65,410 units in October 2021.
Year-to-date, total vehicle production rose 54% to 567,752 from 369,406 last year.
On the outlook, MAA said sales in November 2022 is expected to be maintained at the October-2022 level.
It added shortage of chips and components continued to affect certain makes, albeit at a much smaller scale.
