Vehicle sales up 9% to 48,450 units in January

  • Auto
  • Tuesday, 19 Feb 2019

KUALA LUMPUR: Total industry vehicle (TIV) sales rose 9% to 48,450 units in January from a year ago due to the cleareance of 2018 stocks and promotions for the  Chinese New Year festive celebrations.

The Malaysian Automotive Association (MAA) said on Tuesday of the 48,450 units, passenger vehicles accounted for 44,264 units and commercial vehicles 48,450 units.

Production for January was lower at 54,818 units  – comprising 51,137 passenger vehicles and 3,681 commercial vehicles – compared with 68,002 units a year ago.

On the outlook for February, the MAA expects sales volumes to be lower than January due to “short working months due to the CNY festive holidays”.