Malaysia’s October vehicle sales up 0.5% to 47,273 units in Oct
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Vehicle sales in October 2018 were up marginally 0.5% to 47,273 units from 47,041 units in the same month a year ago, according to the Malaysian Automotive Association (MAA). However, MAA said the sales volume in October 2018 was 51% higher than September 2018, due to availability of stocks replacing the depleted post-zero Goods and Services Tax (GST) period.
In addition, it said year-to-date, the total industry volume (TIV) was 6% higher than the similar corresponding period in 2017.
The sales volume for November 2018 is expected to be slightly better than October 2018 on the back of new model launches and aggressive year-end promotional campaigns, it added.
Questions & Answers
Q.How did October 2018 vehicle sales compare to the previous month, September 2018?
How did October 2018 vehicle sales compare to the previous month, September 2018?
Sales volume in October 2018 was 51% higher than in September 2018. This increase was attributed to the availability of stocks, which replaced those depleted after the zero Goods and Services Tax period.
Q.What is the expected outlook for vehicle sales in November 2018?
What is the expected outlook for vehicle sales in November 2018?
Sales volume for November 2018 is anticipated to be slightly better than October 2018. This expectation is based on new model launches and aggressive year-end promotional campaigns by manufacturers.
Q.What was the total industry volume (TIV) performance year-to-date?
What was the total industry volume (TIV) performance year-to-date?
Year-to-date, the total industry volume was 6% higher than the corresponding period in 2017. This indicates an overall positive trend in vehicle sales throughout the year.
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