Vehicle sales in October slip
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.