Nov 2023 Malaysian car gross sales down by 4%: MAA

Nov 2023 Malaysian vehicle sales down by 4%: MAA

The Malaysian Automotive Affiliation (MAA) has launched car gross sales knowledge for the month of November 2023, with a complete of 71,908 autos delivered to patrons. That is 4% decrease than October 2023 (74,896 items) and brings the year-to-date (YTD) whole to 718,748 items.

The YTD determine on the finish of November 2023 is exceptionally near the affiliation’s whole business quantity (TIV) forecast of 725,000 items for this yr. It shouldn’t be any hassle to achieve the forecasted TIV with only one month to go, as solely simply over 6,000 items are wanted to realize stated determine.

In accordance with MAA, November 2023’s tally marks one more month the place month-to-month TIV exceeded the 70,000-unit mark. It added that that is contributed largely by nationwide makes (Proton and Perodua) as they proceed to fulfil backlog orders in addition to year-end promotional campaigns.

The YTD gross sales for the primary 11 months of 2023 can be 12% increased than it was in the identical corresponding interval in 2022 (644,534 items). On the manufacturing aspect, the November 2023 whole was 67,743 items, with the YTD whole at 708,376 items, or 12% greater than the identical interval in 2022.

For the ultimate month of December 2023, the affiliation expects gross sales to be much like the November 2023 degree, backed by the continuation of aggressive year-end promotions by firms which have their monetary yr ending on December 31, 2023.

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