Malaysia sales rise in May

New car profits in Malaysia rose by above 5% to 49,603 models in May 2022 from 47,207 units in the identical thirty day period of last year, in accordance to registration knowledge introduced by the Malaysian Automotive Affiliation (MAA).

The affiliation stated the marketplace past month ongoing to be held back again by shortages of semiconductors, which has influenced some car or truck producers a lot more than many others, although the once-a-year Eid holiday seasons had been also a adverse for the automobile sector. When compared with April, the industry was down by pretty much 12% final thirty day period.

Whole product sales in the 1st five months of the year have been up by about 7% at 265,656 autos in comparison with 247,250 in the same time period of very last year, with passenger automobile sales soaring by practically 6% to 233,705 models whilst commercial vehicle gross sales surged by 27% to 31,951 models.

Perodua noticed its income maximize by in excess of 5% 12 months-on-12 months to 18,901 models in May possibly and by 9% at 106,179 units yr-to-date, driven by preferred styles these as the Myvi, Axia and Bezza.

Proton global income enhanced by pretty much 4% to 9,792 units in May well, even though year-to-day profits ended up down by 21% at 45,337 models. Exports jumped by 47% to 2,086 units in the 5-month period of time, mostly to marketplaces these kinds of as Pakistan, Egypt and Brunei.

UMW Toyota product sales ended up just marginally reduce yr-on-year at 7,579 units in May, but have been up by extra than 9% higher at 34,026 models year-to-date thanks to powerful desire for styles this kind of as the domestically assembled Corolla Cross Hybrid and the Hilux pickup truck.

The car or truck market place was predicted to rebound strongly in June, just after the Eid and also as the sales tax holiday getaway introduced in June previous 12 months was scheduled to expire at the close of the thirty day period – unless the governing administration agrees to lengthen it even more at the last moment.