Malaysia’s automobile sales volume in April fell by 12.3pc from March, while it is up by 89pc from the low base of April 2020 due to COVID-19 restrictions, according to a release by the Malaysian Automotive Association. Sales of some brands declined due to a shortage of computer chips and imposition of Conditional Movement Control Order (CMCO) in Selangor, Kuala Lumpur, Johor, Penang, Kelantan and Sarawak.
Auto production in April increased to 51,390 units, up from 275 units in April 2020. Production of passenger vehicles rose to 47,764 units from 240 units in the prior year, while the output of commercial vehicles increased to 3,626 units from 35 units. From January-April, production rose to 198,476, up by 1.83pc from the prior year period.
Outlook for May
In May, sales volume is likely to be lower than April as the enforcement of restrictions will impact businesses and footfall to auto showrooms. Hari Raya holidays during the month could also lower sales. Also, a shortage of semiconductors will continue to lower sales for some brand, stated the release.
For the full year, the association has forecast sales of 570,000 units, 8pc higher than the 2020 sales of 529,434 units.