Malaysia’s total auto production in October stood at 58,631 units, up by 5.12pc from the prior year, according to media reports citing the Malaysian Automotive Association (MAA).
Of total October auto output, the country’s passenger vehicle output rose by 5.5pc to 55,063 units, while production of commercial vehicles stood at 3,568 units, down by 0.4pc from the same month in the preceding year.
In the first 10 months of the year (Jan-Oct, 2020), however, the country’s auto production declined by 22.21pc to 374,494 units from 481,428 units in the prior-year period.
Sales
Malaysia’s auto sales in October increased by 5.2pc to 56,670 units from 53,870 units in the preceding year and by 0.4pc as compared to 56,444 units in September.
MAA said that the increase in the country’s October vehicle sales was a result of new model launches and promotional vehicle campaigns by automakers.
Sales of passenger vehicles in October grew by 5.7pc to 51,795 units, while commercial vehicle sales dropped by 0.2pc to 4,875 units as compared to last year.
In the Jan-Oct period, however, total vehicle sales in Malaysia stood at 398,159 units, down by 19.86pc as compared to 496,855 units in the prior-year period.
Outlook
The association has forecasted that auto sales in November will decline due to the impact of the implementation of the conditional movement control order on all states in the country except for Perlis, Pahang, and Kelantan and from the reduction in traffic volume to automotive showrooms.