KUALA LUMPUR: The Malaysian Automotive Association (MAA) has revised downwards its 2021 total industry volume (TIV) forecast by 5.6% to 500,000 units from 570,000 units previously, on the back of business disruptions caused by the ongoing nationwide lockdown.
MAA president Datuk Aishah Ahmad said consumer sentiment is also expected to remain weak, in light of the economic uncertainty created by the global Covid-19 pandemic.
Meanwhile, year-to-date June 2021 vehicle sales rose 44% to 249,129 units from 173,545 units in the previous corresponding period, due to the low base effect in the first quarter of last year when sales were disrupted by the movement control order.
A total of only 1,921 vehicles were sold last month, with all units comprising spill-over registrations from end-May 2021.
Aishah added that vehicle sales for July will also be severely impacted by the ongoing lockdown.