Malaysia vehicle sales up 10% in April from a year ago
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Total vehicle sales in April 2018 increased 10.2% or 4,343 units to 47,089 units, compared with 42,746 units a year ago, according to the Malaysian Automotive Association (MAA).
On a month-on-month basis, April saw a decline of 5.8% or 2,896 units as consumers adopted a wait-and-see attitude due to the general elections.
Meanwhile, the association said vehicle sales in May are expected to increase, with many car companies announcing zero-rated Goods and Services Tax (GST) prices following the government’s move to abolish the tax on June 1. This will be boosted by promotional campaigns for Hari Raya Aidilfitri.
Questions & Answers
Q.What was the total number of vehicles sold in Malaysia during April 2018?
What was the total number of vehicles sold in Malaysia during April 2018?
Total vehicle sales in Malaysia for April 2018 reached 47,089 units. This figure represents a 10.2% increase compared to the same month in the previous year, according to the Malaysian Automotive Association.
Q.Why did vehicle sales decline in April 2018 compared to the previous month?
Why did vehicle sales decline in April 2018 compared to the previous month?
Vehicle sales in April 2018 declined by 5.8% month-on-month because consumers adopted a wait-and-see attitude. This behaviour was attributed to the general elections taking place during that period.
Q.What is expected to drive an increase in vehicle sales in May?
What is expected to drive an increase in vehicle sales in May?
An increase in May vehicle sales is anticipated due to car companies announcing zero-rated Goods and Services Tax (GST) prices. This follows the government's decision to abolish the tax on June 1, further boosted by Hari Raya Aidilfitri promotions.