Ve­hi­cle sales up 2.8% in Au­gust

Statis­tics Dept says sales grew at slower pace to RM12.3bil

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: The sales value of mo­tor ve­hi­cles in Au­gust rose at a slower pace of 2.8% to RM12.3bil from a year ago, ac­cord­ing to Statis­tics De­part­ment.

Sales value slipped from the RM12.4bil recorded in July when sales value grew 9.8% on-year, the de­part­ment said. Ve­hi­cle sales are part of the coun­try’s whole­sale and re­tail trade.

The vol­ume in­dex of ve­hi­cles in­creased by 1.4% to 128.7 points in Au­gust this year. The sea­son­ally ad­justed vol­ume in­dex of ve­hi­cles ad­vanced 1.8% in Au­gust from July.

As for the sales value of ve­hi­cles busi­ness reg­is­tered, data showed it slipped 0.2% com­pared with the pre­vi­ous month.

The re­port also pointed out the sales value of the coun­try’s whole­sale and re­tail trade was RM97.7bil in Au­gust, which was a 9.8% growth from a year ago.

“The sales value con­sists of whole­sale trade (RM47.4bil), re­tail trade (RM38­bil) and ve­hi­cles (RM12.3bil) busi­nesses,” it said, adding the pos­i­tive growth was con­trib­uted by re­tail trade (13.4%).

The de­part­ment said the vol­ume in­dex of whole­sale and re­tail trade rose 7.9% to 158.3 points in Au­gust from a year ago, un­der­pinned by higher re­tail trade (11.9%).

The sea­son­ally ad­justed vol­ume in­dex of the whole­sale and re­tail trade ex­panded 1.2% from July.

The vol­ume in­dex of whole­sale trade in­creased by 6.2% to 169.4 points in Au­gust from a year ago.

Month-on-month, the vol­ume in­dex (sea­son­ally ad­justed) in­creased 3.8% as against the pre­vi­ous month.

“The sales value of whole­sale trade busi­ness reg­is­tered 8.9% growth to RM47.4bil as com­pared to the cor­re­spond­ing month of the pre­vi­ous year. Month-on-month, sales value of this busi­ness in­creased 3.3%,” it said.

The vol­ume in­dex of re­tail trade rose 11.9% to 158.8 points in Au­gust from a year ago.

When com­pared to July, the sea- son­ally ad­justed vol­ume in­dex of re­tail trade recorded neg­a­tive growth of 1.1%.

The re­tail trade busi­ness recorded a 13.4% in­crease in sales value to RM38­bil from a year ago.

But when com­pared with July, this busi­ness reg­is­tered a 0.7% de­cline.

Ris­ing sales: Vis­i­tors check­ing out cars on dis­play at a car show in Pe­tal­ing Jaya. The sales value of mo­tor ve­hi­cles rose to RM12.3bil in Au­gust.

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