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MAA: New car sales rebounded strongly in May 2024, up 18.4%

Hans · Jun 18, 2024 06:27 PM

MAA: New car sales rebounded strongly in May 2024, up 18.4% 01

Malaysia’s new car sales rebounded strongly in May 2024, with a total of 68,655 units sold, according to data compiled by the Malaysian Automotive Association (MAA). The figure is 18.4% higher than in April 2024.

The lower sales figure recorded in April was mainly due to the seasonal Hari Raya holidays, which reduced the number of working days for banks to approve financing, and for the road transport department to register new cars.

Cumulative sales from January to May 2024 stood at 328,901 units, 8.3% higher than the same 5-month period last year.

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Local vehicle assembly plants also saw output going up by a much higher 30.3%. Cumulative output for the first five months of 2024 stood at 341,500 units, 27.7% higher than last year, as the automotive supply chain normalized, easing last year’s parts supply shortage problem.

Hans

Head of Content

Over 15 years of experience in automotive, from product planning, to market research, to print and digital media. Garages a 6-cylinder manual RWD but buses to work.

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