Car sales in Malaysia increases 18 percent at 68,665

THE number of vehicle sales in Malaysia was recorded at 68,665 units in May 2024. This marks an 18 percent increase compared to the 57,991 units recorded in April, according to the Malaysia Automotive Association (MAA).

In year-on-year comparison, the total industry volume (TIV) last month saw a nine percent increase compared to May 2023, which recorded 63,158 units.

The association stated that the sales recorded in May 2024 were a result of a longer working month in May 2024 and steady performance by local manufacturers.

“From the beginning of the year until May 2024, TIV is eight percent higher at 328,901 units compared to the same period in 2023 with 303,575 units,” said MAA in a statement.

In May 2024, passenger vehicles recorded sales of 62,862 units, an 11 percent increase compared to the same month in 2023 with 56,448 units.

However, commercial vehicle sales decreased by 14 percent to 5,803 units in May 2024 compared to 6,710 units in the same month in 2023.

In terms of vehicle production, the latest statistics from MAA showed that 74,174 units were produced in May 2024, a 14 percent increase compared to 64,930 units in the same month last year.

During that month, passenger vehicle production reached 70,132 units, 16 percent higher compared to 60,391 units in the same month the previous year.