Malaysia’s total auto production in February stood at 45,199 units, up by 11.96pc as compared to 40,371 units produced in Feb 2020, according to data released by the Malaysian Automotive Association (MAA).
In the first two months of the year (Jan-Feb, 2021), however, the country’s auto output fell by 1.07pc to 84,865 units from 85,787 units in the prior-year period.
Sales
The country’s vehicle sales in February stood at 42,784 units, up by 4.13pc as compared to 41,088 units in the same month in the preceding year and by 30.3pc from 32,829 units in the prior month (January) as demand in showrooms improved after the lifting of the movement control order (MCO) in few states.
In February, sales of passenger vehicles grew stood at 37,923 units, up by 1.5pc from 37,359 in the same month in 2020, while commercial vehicle (CV) sales rose by 30.4pc to 4,861 units as compared to 3,729 units in the year before.
In the Jan-Feb period, Malaysia’s auto sales stood at 75,613 units, down by 10.02pc as compared to 84,030 units sold in the prior-year period.
Outlook
The association said that it expects sales in March to be higher than in February due to the rush for deliveries by companies due to the end of the current financial year ending on March 31, 2021, and the resumption of full services by the Road Transport Department for all types of vehicle transaction.