PETALING JAYA: Malaysia’s vehicle sales rose by 6,698 units or 13.2% year-on-year (yoy) in July to 57,552 units, according to the Malaysian Automotive Association (MAA).
On a month-on-month basis, sales volume improved by 29% attributed to the sales tax exemption incentive for CKD and CBU vehicles, aggressive promotional campaigns by car companies as well as a longer working month.
For August 2020, the association expects the sales volume to be at par with July 2020 levels given the continuing sales tax exemption and promotional campaigns.
Year-to-date, total vehicle sales contracted by 33.1% to 232,245 units against 347,171 units sold in the corresponding period of the previous year
On the other hand, total vehicle production for the month stood at 47,631 units, a 2.6% decline from 48,912 units reported in the same month of the previous year.
In the first seven months of 2020, total vehicle production stood at 213,630 units, a 35.9% decline from 333,552 units produced in the same period last year.
source https://www.thesundaily.my/business/maa-sees-vehicle-sales-up-132-in-july-BB3553470
No comments:
Post a Comment