MAA’s report shows a significant rise in Malaysia vehicle sales

MAA’s report shows a significant rise in Malaysia vehicle sales

KUALA LUMPUR: It was only recently that Malaysia Automotive Association (MAA) announced the country’s vehicle sales report for August.

KEY TAKEAWAYS

  • How many cars were sold in Malaysia in August 2022?

    A total of 66,614 vehicles were sold in Malaysia in Aug 2022.
  • To everyone’s surprise despite the ongoing shortage of chips and components, vehicle sales in Malaysia grew. Yes, that’s true and too by a good 36 percent over the previous month. In July, a total of 48,922 units were sold and last month 66,614 vehicles found homes. The latter includes bookings received prior to July 30,2022 that were exempted from sales tax.

    Malaysia Automotive Association

    Also Read: UMW Toyota reveals August sales results; gearing up for Veloz launch

    For those who are aware, the SST exemption was introduced two years back on June15,2020 and it offered 50 percent expansion for imported and 100 percent exemption for locally assembled cars. Also, buyers who booked their vehicle during the tax holiday phase have until March 31, 2023, to register their unit with the Road Transport Department to benefit from the tax relief.

    Coming back to the over 66k August vehicle sales, it shows a 270 percent hike over the same period last year, wherein only 17,923 units were sold. All thanks to the reopening of the economy.

    Malaysia Automotive Association Aug sales

    Sales of passenger vs commercial vehicles

    As per MMA’s report, the sales of passenger vehicles went up from 15,475 (Aug 2021) to 59,766 units (Aug 2022). Commercial vehicle sales went up from 2,448 to 6,845 units.

    As for year-to-date sales, the table below shows the complete information.

    Year-to-date

    2022

    2021

    Passenger Vehicle

    397,100 units

    244,623 units

    Commercial Vehicle

    50,109 units

    29,977 units

    Total

    447,209 units

    274,600 units

     

    Malaysia Automotive Association Aug 2022 sales

    Total vehicle production 

    Like the total vehicle sales, the total vehicle production also saw a significant increase. The figures and percentages are given below.

    Vehicle production 

    % rise or fall

    Units produced

    August 2022

    400% rise 

    69,378 units 

    Year-to-date

    70% rise

    439,372 units


    Also Read: Toyota & Lexus had a strong sales run during first-half of 2022

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