May 2023 Malaysian vehicle sales up 32.7% – MAA
According to the association, the rebound was brought on by a few factors, including car companies fulfilling backlogged orders as well as bookings received for new model launches.
On a year-to-year basis, the number of vehicles sold in May 2023 is 22% higher when compared to May 2022, which saw sales hit 50,663 units for the month. The year-to-date tally currently stands at 300,978 units, which is 12.3% higher when compared to the same period in 2022. For the month of June 2023, the association expects sales to be maintained at the May 2023 level as demand for new motor vehicles is still resilient due to high backlogged orders, although registration volume might be slightly moderated.
As for production, May 2023 saw 64,930 vehicles produced, which is more than April 2023’s 41,160 units and a 32% increase compared to May 2022. The YTD production as of the end of May 2023 is at 304,484 units, 18% higher than the corresponding period last year. Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.
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