PETALING JAYA: Total vehicle sales rose 5% year-on-year to 68,156 units in September from 65,160 units last year, according to the latest Malaysian Automotive Association (MAA) statistics.
However, at 68,156 units, the total industry volume (TIV) was 6.4% lower than August 2023, which was at 72,809 units, the association said.
“The lower TIV of September 2023 can be attributed to consumers adopting a wait and see attitude in anticipation of incentives under the National Budget 2024 announcement.
“However, the overall total vehicle registration for year-to-date September 2023 (at 571,767 units) is still 11% higher compared with 514,449 units for similar corresponding period in 2022,” it said.
Of the total number of vehicles sold last month, 61,560 units comprised passenger cars, while 6,596 units consisted of commercial vehicles.
In September 2022, a total of 57,521 passenger cars and 7,639 commercial vehicles were sold.
Additionally, the MAA said total industry production recorded in September 2023 (at 69,133 units) was slightly higher compared with 67,912 units in August 2023.
For the month of October 2023, the MAA forecasts sales to be on par with September 2023's level.
