September 2023’s Malaysian Vehicle Sales, A Decline In Numbers

The Malaysian Automotive Association (MAA) has reported a decline in new vehicle sales for the month of September 2023.
According to the entity, this month’s figure is at 68,156 units, a 6.4% lower Total Industry Volume (TIV), compared to August 2023’s 72,809 units.

As for the Total Industry Production (TIP) volume, it peaked at 69,133 units for September 2023. Slightly higher than August 2023’s 67,912 units.
Elsewhere, the total vehicle sales for September 2023’s Year-To-Date (YTD) figures maxed at 571,767 units. 11% higher than September 2022’s 514,449 units.

This hiccup is said to be attributed to the general consumers adopting a ‘wait and see’ attitude, in anticipation of incentives under the National Budget 2024 announcement.
With the new budget system in play, MAA forecasts that the sales for October 2023, is likely to be highly similar to September 2023’s records.

Gallery
Written By
Afiq Saha
Part of the CariCarz multi-faceted editorial team, Afiq is an English author packing four years of professional writing experience, be it creative or factual. (LinkedIn: www.linkedin.com/in/Afiq-Saha-AS27)
JPJ Running Numbers
KUALA LUMPUR
VRN6112
SELANGOR
BST4082
JOHOR
JD4998J
PULAU PINANG
PSF2746
PERAK
APL2040
PAHANG
CFH6049
KEDAH
KGH8321
NEGERI SEMBILAN
NEL6647
KOTA KINABALU
SJT8615
KUCHING
QAB5029P
Last updated 01 Sep, 2026
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