Sunday 06 Oct 2024
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KUALA LUMPUR (Oct 16): The local automotive industry registered a decline in new motor vehicles sales in September, as consumers adopted a wait-and-see attitude in anticipation of incentives under the Budget 2024 announcement.

In a statement on Monday, the Malaysian Automotive Association (MAA) reported that the total industry volume declined 6.4% to 68,156 units in September, compared with 72,809 units in the preceding month.

However, year-to-date vehicle registrations at 571,767 units as of September 2023 were still 11% higher, compared with 514,449 units for the corresponding period in 2022, 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,” it said.

Meanwhile, the MAA forecast vehicle sales in October to be at the same level as in September.

Edited ByKamarul Azhar Azmi
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