Vehicle sales drop 5% y-o-y
KUALA LUMPUR: Sales for Malaysia's automotive sector jumped 28% to 70,057 units in July, compared with 54,863 units in June, according to the Malaysian Automotive Association (MAA).
MAA said in a statement that the higher total industry volume (TIV) was attributed to a full working month of 23 working days, compared with 19 working days in June, and low production base in June due to the Hari Raya Aidiladha shutdown.
However, MAA reported that the year-to-date TIV was 5% lower than the same corresponding period last year.
'On a year-on-year basis, the TIV for July was 5% lower than the 73,501 units recorded a year earlier, with 64,438 passenger vehicles and 5,619 commercial vehicles sold. — Bernama
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