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China Auto Market :: Overseas Auto Market

Malaysia auto market declined in 2009 and will be bright in 2010


www.GoChinaAuto.com

 

GoChinaAuto.com-Jan.27th, 2010, according to the report released by MAA (Malaysian Automotive Association),in 2009, Malaysia auto production was 489,269 units, decreasing by 8% y-o-y and the total sales volume was 536,905 units, decreasing by 2% y-o-y as well.

 

Despite of the decrease in 2009, there was a good wish for 2010. Thanks to the Malaysia’s economic recovery, the auto sales had a stronger performance in the fourth quarter, and in December, the passenger vehicles sold 42,465 units and rose 20% compared with that of 2008, the commercial vehicles also rebounded by 17% with a sales volume of 5,203 units at the same period. This tendency was thought to be continue in 2010 optimistically, with the reason of Malaysia’s economy was forecast to rebound to grow 2 percent to 3 percent in 2010 after a slump last year.

 

It was estimated that MAA, which groups some 40 car manufacturers and distributors, projected sales to rise to 566,500 vehicles in 2011, and to surge to 618,000 by 2014

 

 DECEMBERYEAR-TO-DATE DECEMBER
     2,009      2,008 Variance     2,009      2,008 Variance
Production
PV     41,665     29,802 39.8%  447,002   484,512 -7.7%
CV     2,849      2,589 10.0%    42,267     46,298 -8.7%
Total     44,514     32,391 37.4%  489,269   530,810 -7.8%
Sales
PV     42,465     35,394 20.0%  486,342   497,459 -2.2%
CV     5,203      4,431 17.4%    50,563     50,656 -0.2%
Total     47,668     39,825 19.7%  536,905   548,115 -2.0%

 

source:MAA

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