Total vehicles sales drop due to ongoing MCO

An analyst from a local bank-backed brokerage said the lower year-on-year total industry volume (TIV) was within expectations.

PETALING JAYA: Total vehicle sales dropped 24% to 32,829 units last month compared with 42,942 units in the previous corresponding period, mainly due to lower traffic volume to showrooms because of the implementation of the movement control order (MCO).

The Malaysian Automotive Association (MAA) said in a statement yesterday that most customers had also brought forward their sales in December, resulting in lower stocks in January 2021 for some companies.