Sept 2022 Malaysian automobile gross sales up 0.15% – MAA

The Malaysian Automotive Affiliation (MAA) has launched automobile gross sales knowledge for the month of September 2022, asserting {that a} complete of 67,659 autos have been delivered to consumers final month. It is a marginal improve of 99 models from the 67,560 models (initially reported as 66,614 models) bought in August, or a rise of 0.15% in quantity.

The affiliation mentioned that the constant quantity was as a consequence of automotive corporations persevering with to fulfil lots of the bookings obtained earlier than June 30, 2022, when the gross sales tax exemption ended. The efficiency final month and likewise in August signifies that manufacturing ranges appear to be stabilising considerably after a patchy July.

In comparison with the identical month in 2021, September’s complete was 53% (or 23,432 models) greater than the 44,227 models achieved final 12 months. In the meantime, the year-to-date complete business quantity for the primary 9 months of 2022 was to 516,798 models, which is a rise of 62% (or 197,971 models) from the 318,827 models managed throughout the identical interval final 12 months.

The affiliation tasks gross sales in October to be much like September ranges, with automotive corporations persevering with to try fulfilling the backlog of car orders made throughout the gross sales exemption interval. With the federal government’s choice to permit the SST exemption to be utilized for any automobile booked by June 30 and registered earlier than March 31, 2023, the numbers ought to seemingly be constant proper into the tip of 2022, with ultimate quantity very a lot decided by manufacturing capability.