Ve­hi­cle sales in Oc­to­ber slip

The Sun (Malaysia) - - SUNBIZ -

PETAL­ING JAYA: Ve­hi­cle sales vol­ume in Oc­to­ber 2016 fell 14% to 47,879 units from 55,788 units a year ago, ac­cord­ing to the Malaysian Au­to­mo­tive As­so­ci­a­tion (MAA).

For the 10 months, sales were 13.9% lower at 466,208 units com­pared with 541,277 in the first 10 months of 2015.

On a month-on-month ba­sis, MAA said, sales vol­ume was 0.6% or 312 units lower than in Septem­ber 2016, due to con­sumers adopt­ing a wai­t­and-see at­ti­tude pend­ing an­nounce­ment of Bud­get 2017 last month.

“Sales vol­ume for Novem­ber 2016 is ex­pected to be slightly bet­ter than Oc­to­ber 2016 due to con­tin­u­a­tion of ag­gres­sive sales and mar­ket­ing cam­paigns by car com­pa­nies,” MAA said.

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