CARZ - New Vehicle Sales In Malaysia Surge In January Production Plunges
New vehicle sales in Malaysia grew 8.7% y/y to 48,450 units during January, according to figures released by the Malaysian Automotive Association ((MAA)) and data compiled by IHS Markit. Of this total, passenger vehicle sales accounted for 44,264 units, up 10.8% y/y, while commercial vehicle ((CV)) sales stood at 4,186 units, down 8.9% y/y.
Vehicle production in Malaysia plunged 19.4% y/y to 54,818 units during January. Passenger vehicle output stood at 51,137 units in the month, down 20.5% y/y, while CV production grew marginally by 0.3% y/y to 3,681 units.
Outlook and implications
The growth