KUALA LUMPUR: Malaysia's new car sales jumped 31 per cent to 65,499 units in January from 50,168 units in the same month of 2023, according to Malaysian Automotive Association (MAA).
However, the total industry volume (TIV) was 16 per cent lower than December 2023 which stood at 78,398 units.
"Higher sales in December 2023 were due to companies ramping up delivery of vehicles to fulfil backlog orders especially for companies with financial year ending December 2023, and year-end bargains.
"Sales in February 2024 are expected to be lower than January 2024 due to the shorter working month from the Chinese New Year holidays," it said in a statement today.
Sales of passenger vehicles rose 33 per cent to 59,394 units in January 2024 from 44,586 units in January 2023, while commercial vehicles climbed 9.0 per cent year-on-year to 6,105 units versus 5,582 previously.
Production of passenger vehicles was up 31 per cent to 71,666 units in January this year, from 54,663 units, while output of commercial vehicles increased 14 per cent to 4,411 units, from 3,864 units in the similar month of 2023.