MAA: Vehicle Sales Up 12.1%
Vehicles sales rose 12.1% in February 2017 from a year ago to 42,455 units from 37,874 units, according to the Malaysian Automotive Association (MAA).
MAA added that of the 42,455 units sold in February, 38,881 units were passenger vehicles and the remainder, commercial vehicles.
Production in February was also up 22.7% or 43,127 units from 35,130 units a year ago in line with the recovery in the market and broader economy.
Just last October, it was reported that Malaysia’s vehicle sales declined again after a big slump in July amid persistent tepid consumer sentiment and a weak ringgit. Yet the country is still the third highest in the world when it comes to car ownership.
MAA is looking forward to a more upbeat outlook for March, expecting it to be better due to the longer working month and also attractive offers by car companies.