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New vehicle sales rose 21pc in Oct

KUALA LUMPUR: New vehicle sales rose 21 per cent to 53,870 units in October from the preceding month.

Malaysia Autmotive Association (MAA) said this was mainly due to longer working month and year-end promotional campaigns.

The figure was also higher than the 47,273 units recorded in October last year.

MAA attributed the growth to strong sales of passenger vehicles with 48,987 units sold, 16 per cent higher than October a year ago.

Commercial vehicles in October this year, registered at 4,883 units, a decline from 4,909 units in the same month last year.

MAA said sales volume in November was expected to be maintained at October level.

Year to date, the total industry volume was lower at 496,861 units than 502,128 units recorded in the corresponding period last year.

In terms of production, car manufacturers brought larger passenger vehicles volume to the domestic market year-to-date as compared with the same period last year.

They produced a total of 481,816 units for the first 10 months, two per cent higher than 472, 267 units in last year's corresponding period.

Commercial passengers production was, however, 16 per cent lower over year-to-date last year.

In October, production volume was registered at 55,775 units, eight per cent higher than 51,769 units in October last year.

This was also contributed by passenger vehicles.

Commercial vehicles production was lower in October year-on-year.

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