It’s to nobody’s shock that automotive gross sales plunged in September, following the tip of the tax vacation. Nonetheless, it’s not a lot as a result of costs are up (vs zero% GST), however as a result of the unprecedented tax vacation has depleted the shares of most automotive corporations, who weren’t ready for the frenzy.
Information from the Malaysian Automotive Affiliation (MAA) confirmed whole of 31,241 automobiles have been delivered in September, which is 52% decrease than the 65,551 items recorded in August. 12 months-on-year, September gross sales have been 23% or 9,715 items decrease than the corresponding month in 2017.
In the meantime, whole trade quantity as of September 2018 is 454,971 items, 7% greater than the 425,678 items from the primary 9 months of final yr.
As you’ll be able to see from the breakdown by model chart beneath, it’s a sea or crimson, and each model of word recorded declines in September. Nothing a lot to take a look at, only a huge hangover from the gross sales frenzy and a quiet month with not many vehicles to shift. Sure manufacturers have maintained sticker costs within the gross sales tax period to additional clear shares.
Will we be seeing a restoration to finish the yr sturdy or will auto gross sales stagger its strategy to 2019? Upcoming new mannequin launches embody the debut of the Toyota Rush seven-seater, Mercedes-Benz A-Class and Proton X70.
The publish Malaysian car gross sales knowledge for Sept 2018 by model Auto Reviews & New Cars on Paul Tan’s Automotive Information.