All-time high 78,849 vehicles sold in March FMTNews FMTBusiness
PETALING JAYA: An all-time high of 78,849 vehicles were sold in March this year, up 24% from 63,510 units sold in February.
The Malaysian Automotive Association attributed the heightened total industry volume in March to the fulfilment of bookings made during the sales tax-exemption period, rush for deliveries by companies having their financial year ending on March 31, and Hari Raya promotional campaigns.March sales raised this year’s TIV to 192,474 units, up 20% from 159,846 units in the same period last year.Year-to-date, production has increased 28.
However, sales are expected to slow down in April due to the shorter working month following the Hari Raya holidays, MAA said. It had already been expected that sales would temporarily rise in the first quarter due to the backlog of orders made during the sales tax-exempt period.However, with many new electric vehicles and other car models set to be released this year, there is a possibility that sales may stay surprisingly strong throughout the year.
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