Malaysia Records Highest Monthly Vehicle Sales In March - MAA
According to the Malaysian Automotive Association (MAA), total vehicle sales in March 2023 reached a new monthly all-time high of 78,849 units, breaking the previous monthly record of 76,657 units set in December 2022.
The month's total industry volume (TIV) was supported by the fulfilment of bookings made during the sales exemption period, a rush for deliveries by companies with fiscal years ending on March 31, 2023, and Hari Raya festive season promotional campaigns.
The association said in a statement on Monday (April 17) that the monthly TIV was 24% higher than the 63,510 units sold in February.
Year-to-date (YTD) TIV sales increased by 20% to 192,474 units, up from 159,846 units in the same period last year.
Total vehicle production for the month increased by 19.23% to 76,069 units from 63,798 units in February 2023, while year-to-date figures increased by 28.69% to 198,394 units from 154,160 units.
However, MAA anticipates that April sales will be significantly lower than March 2023 due to the short working month caused by the Hari Raya festive holidays.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
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