Oct vehicle sales fall to 55,078 units

Sales of passenger and commercial vehicles in October declined to 55,078 units from 55,447 units recorded in the same period last year, said the Malaysian Automotive Association (MAA).

It said the passenger vehicle segment recorded lower sales of 47,930 units during the month under review, compared with 48,505 units in the corresponding month last year.

Sales of commercial vehicles however rose to 7,148 units in October from 6,942 units registered in the same period in 2012.

When compared with September, the sales volume of both passenger and commercial vehicles in October was 0.2 per cent or 133 units higher.

Meanwhile, MAA said year-to-date October 2013 total industry volume registered a growth of 29,130 units or six per cent higher compared with the same period last year.

It said the increase could have been much higher if there was no technical computer glitch in the registration system at end-October 2013.

On output, MAA said the passenger vehicles production last month increased to 50,184 units from 46,605 units year-on-year, while commercial vehicles production fell to 4,365 units from 5,702 units previously.

It said total production for both segments increased to 54,549 units from 52,307 units recorded in the same period last year.

On outlook, MAA said the sales volume for November was expected to be higher than October as the market returned to normalcy after the release of Budget 2014, carry-over orders from October 2013 and excitement generated by the Kuala Lumpur International Motorshow 2013