News and reviews on Malaysian cars, motorcycles and automotive lifestyle
News and reviews on Malaysian cars, motorcycles and automotive lifestyle
♦ The government’s Sales Tax exemption incentive continued to encourage many to buy new vehicles in September, pushing the Total Industry Volume past 56,000 units. In fact, it was 26% higher than the same month in 2019. ♦ Of the 56,444 units registered, 9.7% were commercial vehicles which includes pick-up trucks. ♦ Cumulative sales after 9 […]
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♦ It should be noted that the sales volume shown for August does not indicate the Total Industry Volume (TIV) as some companies have chosen not to share their data on a monthly basis and will only do so on a quarterly basis. ♦ Although the August sales volume was 8% lower than July’s, the […]
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When automotive historians look back on 2020, it will be regarded as a dark period for the industry. Factories had to shut down for long periods, along with showrooms, and sales came to a standstill for a couple of months. It was an unprecedented situation; even during the worst recessions, business still continued. However, it […]
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♦ With the government exempting Sales Tax and car-buyers able to save money, new vehicle purchases have started rising, with July increasing by 29% over the June Total Industry Volume. ♦ The Total Industry Volume (TIV) of 57,552 units comprised 52,119 passenger vehicles, and 5,433 commercial vehicles (including pick-up trucks). ♦ Compared to the same […]
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Perodua delivered a total of 23,203 vehicles last month, which was the best sales month in 2020 for the Malaysian carmaker, beating the June volume by 9.2%. This brings the cumulative volume for the first 7 months to 97,373 units. For the same period in 2019, it was over 141,000 units, which shows the impact […]
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2020 will be remembered as a very bad year for the auto industry in Malaysia and other countries. The COVID-19 pandemic stopped sales (and production) leading to unprecedented contraction of markets by nearly 100%. When business was allowed to resume, consumers remained still worried about uncertainties of the future, leading to more cautious spending/ This […]
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The official numbers are out and as expected, they show a grim picture of the auto industry’s performance in the first 6 months of this year. For the first half (H1) of 2019, the Total Industry Volume (TIV) was almost 300,000 units but this year, it fell by 41.1% to 174,675 units. As the chart […]
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After suffering loss of production and sales in March, April and May this year due to the Movement Control Order suspending most commercial activities, a rebound has been evident in new vehicle sales. With the sales tax-exemption incentives provided by the government, which will last till the end of the year, June sales are expected […]
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The government’s move to exempt the 10% sales tax on new locally-assembled vehicles is aimed at helping the auto industry to recover after the many weeks of being forced to suspend operations. Hopefully, it will encourage people to buy at a time when many are concerned about the future. The move seems to be working […]
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Note: Some companies are reporting on a quarterly basis so the Total volumes for April and May are not finalised. Source: Malaysian Automotive Association. ♦ After the unprecedented fall in sales for April due to the shutdown of all operations, new vehicle sales rose as activities were allowed to resume in May. However, the JPJ […]
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