Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Malaysian automaker Proton’s vehicle sales in November rose by 18pc to 11,411 units as compared to 9,643 units in the preceding year and by 0.16pc from October, according to media reports.


The company said that the sales volume growth in November was driven by traditional end-of-year deals offered by car brands, PENJANA incentives, and the launch of popular new models.


Malaysian auto sales are outperforming market projection than the prior year and has estimated the country’s total industry volume (TIV) to be over 56,000 units for a third consecutive month.


In the Jan-Nov period, the company’s total vehicle sales stood at 96,410 units, up by 7.7pc from the prior-year period.


The company said that its export sales have improved despite the impact of the COVID-19 pandemic across the globe.


Exports will be one of the main factors on which the company aims to focus while heading into 2021 as its domestic performance has stabilized and steadily growing.

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