Vehicle sales continue to rise

An analyst said he expects this month’s vehicle sales to surpass total sales achieved in December 2019, as buyers will want to capitalise on the final month of the sales tax exemption.

PETALING JAYA: Total vehicle sales continued its upward trajectory for the sixth consecutive month this year in November, rising 7.4% to 56,489 units from 52,584 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, November’s total industry volume (TIV) was 0.3% lower on a month-on-month basis compared with October, said the Malaysian Automotive Association (MAA).