Business

Thursday November 19, 2009

Car sales up 23% in Oct


PETALING JAYA: Vehicle sales for October rose 23% to 46,092 from 37,512 units a year ago, according to the Malaysian Automotive Association (MAA).

MAA said that the rise was due to improved year-on-year sales of multi-purpose vehicles, busses, sport-utility vehicles, 4X4 pick-ups, passenger cars and window vans.

“This positive expansion narrows the year-to-date October 2009 market decline to 5% from 8% a month earlier,” it said in a statement yesterday.

It added that market recovery was “reaching close to the level before the impact of the global economic downturn in October 2009.”

MAA said sales volume for November 2009 was expected to recover further amid favourable market and consumers’ sentiments, as well as year-end sales campaigns.


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