Malaysia's auto sales surged 147% in August, but still fell sharply year-on-year

Recently, according to foreign media reports, the Malaysian Automotive Association ( MAA) released a survey data showing that Malaysia 's new car sales soared from 7,086 in July to 15,700 in August, a sales increase of 147%.

However, after the surge, Malaysia's new car sales still cannot match the sales level before the second wave of the epidemic. According to the monthly sales and production bulletin released by the Malaysian Automotive Association (MAA), the total industry sales (TIV) in August was far from 58,838 units in August 2020.

At present, the level of epidemic control in Malaysia has been greatly improved, and the bans issued by the government have gradually slowed down. Therefore, the Malaysian Automotive Association ( MAA) expects the total industry sales TIV in September to be higher than in August and will continue to rise and recover.

The Malaysian Automotive Association ( MAA) said that data showed that most of the sales last month came from passenger vehicles (PV), with 15,064 units, while commercial vehicles (CV) accounted for 2,436 units. In the total sales data for the first eight months of 2021, the number of passenger vehicles (PV) was 243,851 units and the number of commercial vehicles (CV) was 29,906 units. Due to the epidemic control, the business has been greatly impacted, and the sales of commercial vehicles (CV) have fallen sharply.

Malaysian Automotive Association ( MAA) president Datuk Aishah Ahmad said the resumption of business operations of many businesses , including in major cities such as Selangor and Kuala Lumpur, from August 13 may help boost commercial vehicle sales.

In addition , according to survey data, the production of new cars in August 2021 was 13,961, compared with 50,196 in the same period last year, a year-on-year decrease of 72.2%. The total production of passenger cars (PV) this month was 12,897, and the total production of commercial vehicles (CV) was 1,064. At the beginning of 2021, the total production of new cars was 263,876; while in August 2021, it was 258,024, a decrease of 2.2%.

The Malaysian Automotive Association ( MAA) said that as the operating capacity of major companies continues to recover and automobile companies continue to launch various activities to promote sales, car sales in September may be higher than the level in August . At the same time, the chairman of the Malaysian Automotive Association, Aisha, emphasized that the shortage of automotive chips may affect the sales of some car brands due to the impact on import and export trade.

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