Chip shortage seen to affect new vehicle sales

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is managing the shortage better, with sales volume falling by only 4% m-o-m, and rising 26% y-o-y. However, the sales volume of Toyota and Honda fell 18% and 43% m-o-m.

PETALING JAYA: The shortage and shipment delays of semiconductor chips, made worse by the recent lockdowns in China, have put the brakes on April’s production, and in turn, sales of new vehicles.

RHB Research noted that data from the Malaysian Automotive Association (MAA) indicated that April’s new car sales, or better known within the industry as total industry volume (TIV), stood at 56,213 units, down by 23.2% month-on-month (m-o-m).