The Malaysian Automotive Affiliation (MAA) has launched car gross sales information for the month of September 2024, which noticed a complete of 58,032 autos delivered to prospects. This represents a drop of 19.8%, or 14,335 items, from the 72,367 items (initially reported as 71,162 items) bought in August 2024.
The August gross sales determine can also be 14.9% (or 10,142 items) decrease than that achieved in the identical month in 2023. Based on the affiliation, the lower in numbers final month stemmed from a shorter working month and was additionally as a result of shoppers adopting a wait-and-see angle pending the Finances 2025 announcement this month.
As for complete trade quantity (TIV) figures, 594,037 autos have been bought within the first 9 months of 2024, which is 3.9% greater than than the identical interval in 2023, when 571,957 items have been shifted.
Automobile manufacturing additionally dropped final month, with 55,383 autos rolling off meeting traces. That is round 20% lower than in August 2024, when 69,133 items have been produced. Nevertheless, complete car manufacturing for the yr stays greater at 593,050 items in comparison with the 566,442 items constructed within the corresponding interval final yr.
For the month of October 2024, the affiliation stated it expects gross sales to choose up and be greater than that recorded for August.
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