Vehicle sales up in January on CNY promotions

An analyst from a bank-backed brokerage said sales in January were boosted by the demand for both Proton

PETALING JAYA: Total vehicle sales in January rose 9% to 48,450 units from 44,560 units a year earlier, underpinned by promotions for the Chinese New Year (CNY) festive celebrations and clearance of 2018 stocks.

In a statement, the Malaysian Automotive Association (MAA) said a total of 44,264 units of passenger vehicles were sold during the month, a 10% increase from the 39,967 units in the previous corresponding period.