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NEWS UPDATES 23 February 2010

Malaysia’s car sales rise in January on new models

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Sales of automobiles in January in Malaysia surged 32.8 percent to 50,622 units with sales getting a lift from improved consumer sentiment and new models launched, reported the StarBiz.

The Malaysian Automotive Association (MAA) said passenger cars accounted for the bulk of the jump in sales as 45,973 units were sold last month compared with 34,629 units in January 2009.

“Supported by an increase in production, sales volume continued its upward trend in January to reach 50,622 units which is 2,954 units or 6.2 percent higher compared with December 2009,’’ MAA said in a statement yesterday. Passenger cars accounted for the bulk of the jump in sales in January.

Sales of commercial vehicles rose to 4,649 units in January compared with 3,478 in the same month last year. Analysts contacted said the jump was large but apart from the seasonal increase in January sales, the total number would have benefited from a weak base effect.

“Car sales in the first quarter of last year was low because of the economic slowdown,’’ said an auto analyst with a local brokerage. “The January numbers were within expectations.’’

In terms of production, the industry produced 51,296 vehicles in January 2010 compared with 37,427 in the same month last year. January’s production of passenger cars and commercial vehicles was 46,172 and 5,124 respectively.

MAA expects sales in February to be lower than January because of the seasonal short working month due to the Chinese New Year festive holidays and company closures.


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