Business

Published: Monday November 19, 2012 MYT 6:22:00 PM

Malaysia vehicle sales accelerate 20.7% to 55,358 in October


KUALA LUMPUR: Vehicles sales in Malaysia rose to 55,358 units in October, up 20.7% or 9,486 units from a month ago and the Malaysian Automotive Association expects sales to be maintained in November.

The association said on Monday the higher sales in October were due to the positive consumer sentiment, the introduction of new models and also a longer working month.

On the 55,358 units sold in October, it said passenger vehicles accounted for 478,515 units and commercial vehicles 6,943.

This was a significant increase from the 53,615 units sold in October 2011 which comprised of 47,454 passenger vehicles and 6,161 commercial vehicles.

The MAA said year-to-date, total vehicles sale rose 1.97% to 513,805 units from 503,859 units in the previous corresponding period.

It also said vehicles production picked up 4.6% to 52,307 units in October from 49,984 units a year ago. YTD, the number of vehicles produced rose 2.37% to 477,499 units from 466,400.

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