Mixed blessing: August’s total vehcle sales (TIV) was higher at 52,800 units compared with last year but year to date, TIV was at 285,045 units compared with 398,319 previously.
PETALING JAYA: Total vehicle sales continued its upward trajectory for the third consecutive month this year in August, rising 3% to 52,800 units from 51,148 units in the previous corresponding period, as the government’s tax exemptions and aggressive promotional campaigns by automotive companies continued to drive sales.
Despite the year-on-year pick-up in sales, total industry volume (TIV) was 8% lower on a month-on-month basis compared with July, said the Malaysian Automotive Association (MAA).
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