malaysian automotive association vehicle sales data
Vehicle sales for Malaysia in October stood at 56,670 units, which is an increase of 5.2% from the 53,870 units a year prior. The Malaysian Automotive Association (MAA) said in a statement that the country’s vehicle sales rose 0.4% from the 56,444 units registered in September. This puts October’s sales figure as the second-highest in 2020 after July (57,552 units). The reason for the higher year-on-year and quarter-on-quarter sales was due to new model launches as well as ongoing promotional ca
Market intelligence forms the basis of any company’s ability to make reliable forecasts and volume planning. Without it, the company is merely shooting in the dark. What is the projected sales mix between the S, E, and V variants of the Honda City? What’s the monthly sales volume? What’s the colour demand trend? All these questions need to be answered at least 6 months in advance because that’s how the manufacturing industry works. Most of the world’s manufacturing plants operate using the so-ca
New car sales in Malaysia dropped 44 percent month-on-month, according to the latest data from the Malaysian Automotive Association (MAA). As expected, March 2020’s numbers were down by almost half, as MCO was implemented on 18-March. A total of 22,478 new cars (including commercial vehicles) were sold in March 2020, a drop of 44 percent (17,925 units less) from February 2020’s numbers. Year-to-date sales for 2020 stands at 105,533 units, 26 percent less than the same three-month period in 2019.
The upward trend for vehicle sales in Malaysia has continued into its second month, as data from the the Malaysian Automotive Association (MAA) has indicated that vehicles sales in Malaysia has increased by 94.7% in June 2020. Back in June, sales amounted to 44,965 units, which is an increase of 21,735 units or 94.7 percent compared to May. Although sales figures over the past two months were encouraging, year-to-date figures paint a different figure. With 174,675 units shifted from January to J
Two weeks ago, we reported that the Geely Binyue, which is sold in the Philippines as the Geely Coolray, is the best-selling small SUV there, but MG has since clarified that the MG ZS is apparently the best-selling model. According to a report by visor.ph, MG said that they sold 208 units of the ZS in June, putting itself comfortably ahead of the Geely Binyue/Coolray, which only managed to shift 154 units. Trailing behind the Coolray in third place is the Suzuki Jimny (112 units). How did this h
This is a surprise to everyone, good or bad, it depends on how you see it. In a document sighted by WapCar.my, the Ministry of Finance has just announced today that existing sales tax (SST) exemption/discount for new and reconditioned cars under the Penjana stimulus package will be extended until 30 June 2021. The announcement supersedes an earlier reply by the Ministry made on 23-December, denying the Malaysian Automotive Association’s (MAA) appeal to extend the SST exemption/discount, which wa
It has been revealed that Perodua Suppliers Association (P2SA) and Perodua will be working together to draw up standard operating procedures (SOP) for the automotive industry. P2SA also claims that the extended Movement Control Order (MCO) to 18 February 2021 will help protect the industry until vaccination begins. P2SA president Musa Zahidin Ahmad Zaidee told Bernama that the association takes the safety of all their members seriously and making sure that all its employees are strictly adhering
The Malaysian Automotive Association (MAA) has revised its forecast for 2020’s total industry volume (TIV), the industry term for total new car sales, from 607,000 units to 400,000 units due to the on-going MCO. The reduction represents a 34 percent reduction in annual sales. The last time Malaysia’s TIV dropped below the 500,000 psychological barrier was in 2007, with 487,176 units sold. Last year, the TIV was 604,287 units, up 1 percent from 2018. MAA president Datuk Aishah Ahmad said the move
The ongoing Movement Control Order (MCO) will hit business hard, as almost all retail businesses grind to a halt. The Malaysian Automotive Association (MAA) had originally forecasted 2020’s total industry volume (TIV) – an industry term total new vehicle sales – to be at 607,000. RHB Investment Bank’s own forecast had originally put 2020’s TIV to be at 595,000. Last year, Malaysia's TIV was at 604,287 units. With car dealers selling almost zero cars for at least a month (MCO runs from 18-March t
Looks like September is a pretty good month for vehicle sales in Malaysia as the month saw 56,444 vehicles sold, according to the Malaysian Automotive Association (MAA). This saw vehicle sales increase by 26% from 44,666 units in the same month last year. Passenger vehicle sales were increased to 51,422 units in September 2020 from 40,267 units in September 2019. Meanwhile, commercial vehicles saw an increase from 4,399 units to 5,022 units. September also saw a growth of 7% from August. This is
It’s a frantic start of the week for many staff at car companies. Following Friday’s announcement by the Prime Minister that locally-assembled cars will be exempted from paying 10 percent sales tax while imported vehicles will see the rate reduced by half, many car companies are swamped by calls from their dealers and stakeholders asking for details on what’s the next step. Without the necessary paperwork, the Accounts/Finance division at car companies are unable to proceed or give any answers.
A leaked memo from the EU-Malaysia Chamber of Commerce and Industry (Eurocham) to its members says that the manufacturing sector should prepare itself for a shutdown/strict lockdown if the Covid-19 situation doesn't improve. The memo adds that the organization’s CEO Sven Schneider had a meeting with MITI on 22-January and was told that the Ministry of Health (MoH) has made a clear stance for a complete shutdown of the economy if Covid-19 cases continue to rise. 99 of the 300 Covid-19 clusters in
The Malaysian Automotive Association (MAA) has announced its tally for total new car sales, better known within the industry as Total Industry Volume (TIV), for year 2020. A total of 529,514 new motor vehicles were sold in 2020, down 12.4 percent from 2019. The cause of the downturn is of course due to the Covid-19 pandemic and the associated MCO restricting normal economic activities. For two and a half months between March and May 2020, no cars were sold as showrooms were not allowed to operat
Even though the country is still undergoing a pandemic, used car sales in Malaysia saw steady growth in 2020. This is despite the fact that used car dealers were severely hit from March to May due to the movement control order (MCO). According to the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president, Datuk Tony Khor, the used car industry had only about nine months of business this year as a result. In an interview with StarBiz, he said in thanks to the sales ta
Interestingly, one growth seen through this whole coronavirus pandemic is the rise in used car sales. According to data by the Malaysian Automotive Association (MAA), used car sales grew by 100% in the first six months of 2020. Seeing this, Proton decides to expand and improve its used car management (UCM) department to help streamline sales and distribution of used cars in support of new car sales. Proton’s UCM division began in 2019 with 8 outlets located in various dealerships. In 2020, Proto
Malaysian used and recon car dealers and their 50,000 plus workforce are at risk of being laid off should the Covid-19 crisis prolong for more than 2 months, according to a report by New Straits Times (NST). While dealers have braced for the impact of the Movement Control Order (MCO), the practically zero sales which leads to higher inventories, poor consumer sentiments on the economy, and high fixed operational cost are taking their toll. President of the Malaysian Association of Malay Vehicle
The 6-month long loan moratorium is set to expire in September and its expiry could have some negative impact on the Malaysian automotive industry. The loan moratorium went into effect in April as the country entered the Movement Control Order (MCO) period. Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad told The Edge, “People will not have the money to buy new vehicles. But I think it depends on the category of vehicles. I think high-end vehicles will not be impacted; people
Looks like car manufacturers are not the only ones that are currently enjoying a surge in sales. Used-car dealers are also reporting record-high sales in the few months since the Recovery Movement Control Order was put into effect. According to the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor, the surge in demand for used cars is so good that the scenario is “simply too good to believe”. The surge in vehicle sales is believed to be spurred b
Perodua ended year 2020 with 220,154 cars sold. That’s 20,187 cars less (or 8 percent) than the company’s total sales for 2019, but ahead of the company’s revised annual sales target of 210,000 cars. “We thank all Malaysians for choosing Perodua and the government for extending the sales tax exemption under PENJANA to sustain the sales momentum which the automotive industry is now enjoying,” said Perodua President and Chief Executive Officer Dato’ Zainal Abidin Ahmad. He added that Perodua manuf
Just like how the Proton X50 is getting the attention among Malaysians, so is the Geely Coolray in the Philippines. The X50’s Filipino twin has sold 2,158 units in 2020 which puts it in the top 10 best-selling passenger vehicles in the country for that year. This was based on a January 2021 report that was released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI). CAMPI is the Filipino equivalent of the Malaysian Automotive Association (MAA) in which both compile month
Market research agency J.D. Power will be shutting down three of its international offices – Singapore, Bangkok and Sydney – as part of its reorganization under its new owner Thoma Bravo LLC, a US-based investment company. Operations in these three offices will be wound down in stages and by the middle of 2020, J.D. Power will only maintain three offices for the Asian region – Beijing, Shanghai and Tokyo. As J.D. Power’s businesses in Malaysia are managed out of its Singapore office, the reorgan
China’s white goods manufacturer Hisense Home Appliances Group will acquire Japan’s automotive air-conditioning manufacturer Sanden for JPY 21.4 billion (about RM 809.7 million). The move will allow Hisense to diversify into the automotive air-conditioning system market. Hisense has ambitions to manufacture air-conditioning units for electric vehicles. In an announcement by Sanden made earlier this week, the company says Hisense will acquire 75 percent of voting rights in the company for 21.4 bi
Jualan bulanan kenderaan pada bulan Mei melonjak naik dengan jualan sebanyak 22,960 berbanding bulan sebelumnya yang merekodkan jumlah jualan terendah iaitu 141. Walaubagaimanapun, jika dibandingkan dengan jualan pada bulan yang sama tahun lepas, terdapat penurunan sebanyak 62.2% kerana kekangan dari Perintah Kawalan Pergerakan (PKP). Malaysian Automotive Association (MAA) berkata secara umumnya, orang masih berasa takut untuk keluar dan sentimen konsumer masih pada tahap berjaga-jaga. Tetapi, m
Sales of the Hyundai Sonata, once Korea’s most popular model, has been falling to dangerously low levels. The Hyundai Motor Group’s Asan plant, which makes the Sonata, is sitting idle for one week as inventories of the slow-selling Sonata are piling up at dealers. Production will only resume on Monday, 15th of March. Hyundai ended 2020 with 48,067 units of the Sonata sold, down 26.3 percent from the year before. Covid-19 was not an issue as Korea was one of the few major automotive market in the
The Malaysian government is drafting a proposal to tighten requirements to qualify for excise tax deductions under the Energy Efficient Vehicles (EEV) program. EEV is a tax incentive package for fuel efficient, locally-assembled cars. Not to be confused with EV (electric vehicles), EEV is technology-neutral and encompasses all types of powertrain. Currently, EEV incentives are decided on a case by case basis, based on several factors including (but not limited to) the value of project and econom
Kedah has big plans to become a green technology vehicle assembly hub and major defence industry in Southeast Asia as the state is poised to receive an investment of RM 1.5 billion in green vehicle technology and defence equipment industries headed by Go Auto Group and Flumen Holdings Sdn Bhd. Kedah Menteri Besar Muhammad Sanusi Md Nor told Bernama: “Both companies are major players in the energy-efficient vehicle (EEV) and green technology industry as well as being involved in the supply of def
Geely has become the first Asian automaker to join IATF, a global automotive quality standards organization. The International Automotive Task Force (IATF) is a group of automotive manufacturers which aims at providing improved quality products to automotive customers worldwide. With its admission, Geely will now participate in the formation and improvement of international quality standards with other global automotive groups to promote the sustainable development of the world’s automotive indu
Earlier this month, Hyundai started construction of a RM 1.22 billion, 30,000 electric vehicles a year plant in Jurong, Singapore. When completed in 2022, the Hyundai Mobility Global Innovation Center (HMGICs) will be the Hyundai Motor Group’s (which also include Kia) regional hub for electric vehicle (EVs) production and development. Out of the 30,000 EVs to be build there, about 5,000 to 6,000 units will be sold in Singapore, while the rest will be exported. The move comes as a surprise becaus
Now that the government has enforced the Control of Movement Order starting 18-March 2020 until 31-March 2020 to address the spread of Covid-19, car dealers and service centres will obviously have to be shut down for at least two weeks. Unlike the hotel and travel industry, which have been granted various tax breaks as well as lower utility rates, car dealers are left to fend for themselves. WapCar.my spoke to a few car dealers to get their thoughts on the matter. A Subaru dealer we spoke to tol
Geely Holding saw 2020 sales exceeding 2.1 million units which might sound like good news but that figure accounts for a 3.6% loss compared to 2019. In 2019, the Chinese conglomerate which consists of 3 subsidiaries – Geely Auto Group, Volvo Car Group, and Geely New Energy Commercial Vehicle Group – saw over 2.178 million units sold. In spite of the slight drop in total sales, Geely Holding still remains optimistic. Geely Auto saw 1.32 million units sold in 2020 (despite a 3% loss) and retained
Popular Videos
2024 Honda City Hatchback 1.5L V-Sensing VS RS e:HEV in Malaysia, Worth The “Upgrade”?
2024 Hyundai Winter Driving Experience, Sideways With The Ioniq 5 N & Tucson PHEV!
Recommended Cars
Honda HR-V
RM 115,900 - 141,900Perodua Alza
RM 62,500 - 75,500Honda City
RM 84,900 - 111,900Honda City Hatchback
RM 78,900 - 109,900Toyota Yaris
RM 88,000 - 91,600
WapCar.my is a one-stop automotive site that provides car news, reviews, with tools to help you compare different models. All you need to find your next perfect car is here.
| Popular Cars |
|---|
| Toyota Corolla Cross |
| Honda City Hatchback |
| Perodua Ativa (D55L) |
| Cars News & Reviews |
|---|
| Good Reads |
| Reviews |
| News |
| Used Cars |
|---|
| Used Honda |
| Used Toyota |
| Used BMW |
| Tools |
|---|
| Insurance |
| Car Loan Calculator |
| Car Insurance Calculator |
| Road Tax Calculator |
| Petrol Price Malaysia |