Vehicle sales up 12% in February, says trade body

MAA was more upbeat about its outlook for March

KUALA LUMPUR: Total industry vehicle (TIV) sales rose 12.1% in February 2017 from a year ago to 42,455 units from 37,874 units, says the Malaysian Automotive Association (MAA).

It said of the 42,455 units sold in February, 38,881 units were passenger vehicles and the remainder commercial vehicles.

However, the trade body said the February sales were lower  by 5% or 2,212 units from January due to the shorter working months while market conditions remained unchanged.

Production in February was 43,127 units, up 22.7% from 35,130 units a year ago in line with the recovery in the market and broader economy.

MAA was more upbeat about its outlook for March, expecting it to be better due to the longer working month and as car companies continued to provide attractive offers to attract buyers.