New vehicle sales up 21% in April, says MAA
Published on: Monday, May 20, 2024
By: Bernama
MAA forecasts ‘slightly higher’ sales in May compared with last month. (File pic)
PETALING JAYA: New vehicle sales surged 21% to 57,991 units in April from 47,802 in the same month last year, said the Malaysian Automotive Association (MAA).
The association noted that the total industry volume (TIV), however, was 18% lower compared with March 2024’s TIV of 71,052 units.
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“April was a short working month due to the Hari Raya festive holidays,” it said in a statement.
A total of 53,253 passenger vehicles (PVs) were sold in April, an increase of 25% from the 42,587 units sold a year earlier, while sales of commercial vehicles (CV) fell 9% year-on-year (y-o-y) to 4,738 units from 5,215 units.
MAA said sales volume for the first four months of this year grew by 8% to 260,236 units from the 240,417 units registered in the corresponding period in 2023.
The TIV comprised 238,247 PVs (up 11%) and 21,989 CVs (down 15%).
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In terms of production, MAA said 56,895 vehicles were produced in April 2024, a rise of 38% from 41,160 units in the same month last year.
Of that, 53,857 units were PVs, a jump of 40% from 38,575 units a year earlier, while CVs comprised 3,038 units, an increase of 18% from 2,585 units previously.
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On a year-to-date basis, MAA said that 267,326 units were produced, which was 12% higher than the 239,554 units produced in the same period last year.
This included 253,056 PVs (up 13% y-o-y) and 14,270 CVs (down 3% y-o-y).
On the outlook for May 2024, MAA has forecasted the sales to be “slightly higher” compared with last month.
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