Vehicle sales jumps to 66,614 units in August

KUALA LUMPUR: Vehicle sales in Malaysia jumped to 66,614 units in August this year compared to 17,923 units during the same month last year, according to the Malaysian Automotive Association (MAA).

In a statement today, the association said the total industry volume for August 2022 was 36 per cent higher than July 2022 (48,922 units), due to fulfilment of bookings by car companies received prior to June 30, 2022.

It said the year-to-date sales volume for August 2022 was 63 per cent higher at 447,209 units compared to 274,600 units during the corresponding period in 2021.

Sales of passenger vehicles surged to 59,769 units in August 2022 versus 15,475 units in August 2021, and sales of commercial vehicles rose to 6,845 units during the month under review from 2,448 units previously, MAA said.

In terms of total production, the association said 69,378 vehicles were produced in August 2022 compared to 13,961 units in the same month last year.

It said the production of passenger vehicles jumped to 64,282 units in August 2022 versus 12,897 units in August 2021, while production of commercial vehicles rose to 5,096 units from 1,064 units previously.

On the outlook for September 2022, MAA expects the sales volume to remain the same as the August 2022-level, due to chip shortages and components. - Bernama

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

MAA , TIV , Sales , Vehicle , Production 


Next In Business News

Bandar Malaysia heads for revival
UK green bond draws US$26bil bids at highest yield since 1998
Central Global's unit bags RM183.29mil sub-contract from Pembinaan Urusmesra
ECA Integrated Solutions signs underwriting agreement with UOB Kay Hian for IPO
Ringgit ends lower against US$ on expectation aggressive US monetary policy will continue
China's yuan ends at weakest since global financial crisis, hits record low offshore
RHB Bank issues RM500mil subordinated notes under MCMTN programme
S P Setia kickstarts green partnership wtih TNB
Bursa Malaysia ends broadly lower amid global recession concerns
Sime Darby Motors to distribute BYD EVs in Malaysia

Others Also Read