March vehicle sales vroom past February volume

  • Auto Premium
  • Tuesday, 18 Apr 2017

Car sales will drive demand for Oceancash Pacific's felt products

KUALA LUMPUR: Sales of vehicles rose 26.5% to 53,717 units in March from February due to the longer working month and as companies -- with their financial year ending March 31, 2017 -- rushed for deliveries, a trade body said.

The Malaysian Automotive Association (MAA) said on Tuesday it expected sales volume in April to be maintained at the March level.

Underpinning the sales growth would be promotional campaigns by the car companies, says the MAA.

MAA added the March vehicle sales were also higher than a year ago, registering a 10% growth of 4,929 units than a year ago.

The March 2017 sales of 53,717 units comprises of 48,355 cars and the rest were commercial vehicles. 

Year-to-date, total industry vehicle sales rose  7.3% to 140,839 units comprising 127,530 passenger vehicles and 13,309 commercial vehicles from the 131,251 units in the previous corresponding period.

The MAA data also showed that production rose to 49,356 vehicles in March this year, an increase of 3.2% from 47,810 units a year ago. Passenger vehicles totalled 45,124 units and commercial vehicles at 4,232.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

BOJ raises inflation forecasts, maintains ultra-easy policy Premium
US yields up along the curve as traders brace for hawkish Fed Premium
Oil rises to more than 7-year high on Mideast tensions Premium
China Merchants Bank-backed SPAC files first application under new Hong Kong rules Premium
Asia shares tick higher as spotlight stays on Fed Premium
Poll- Bank Indonesia to hold rates until second half of 2022 despite hawkish Fed Premium
Tech, miners drive Australian shares higher; Rio Tinto drops nearly 2% Premium
Rio Tinto sees soft 2022 iron ore shipments on labour issues, project delays Premium
No new year resolution for out-of-favour copper market Premium
Oil price climbs as supplies expected to remain tight Premium

Others Also Read