business

New vehicles sales in July ease 3.4 per cent

KUALA LUMPUR: New vehicles sales for the month of July 2017 was 3.4 per cent or 1,718 units lower than June 2017.

In a statement today, the Malaysian Automotive Association (MAA) said this was due to post Hari Raya holidays and technical glitches in e-daftar system, which had affected vehicles’ registration process.

However, sales volume in July 2017 was 14 per ent or 6,070 units higher than similar corresponding month in 2016.

Similarly, year-to-date total industry volume expanded 4.7 per cent to 333,010 units from 317,966 units over the same seven months of 2016.

MAA expects sales volume for August 2017 to be slightly better than July 2017, to be driven by on-going promotional campaign by car companies and fulfilment of back orders as e-daftar system is expected to return to normalcy.

In terms of production, the number expanded to 43,952 units last month from 39,097 units in the same month in 2016.

For the first seven months, the number stood at 299,270 units, down from 302,060 units in the same period last year.

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