Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News March and Q1 2018 New Vehicle Sales – An Uninspiring Quarter March and Q1 2018 New Vehicle Sales – An Uninspiring Quarter Auto News Siew Weng | April 23, 2018 11:50 am Malaysia's automotive industry continues to see a downward trend for 2018, as Quarter 1 (January to March 2018) have charted lower vehicles sold than Q1 2017.For March, the total industry volume (TIV) was 49,985 units, a reduction of 3,733 units versus March last year. Taking the sales performance of the first three months, Q1 2018 ended with 135,140 units versus Q1 2017 of 140,840 units, representing a 4% decline (or 5,700 units).Apart from Perodua and Mazda who are enjoying a strong 2018 thus far, Mercedes-Benz, Volkswagen, and Peugeot are also achieving a positive Q1. Below is the summary of the top 9 strong performers of 2018, and the key reason for their strong Q1 2018. Newly-launched models such as GLC class, Tiguan, Passat, 3008, Outlander CKD and XV have improved the sales performance of their respective brands.However, the strong performance of these few brands could not overcome the weak consumer sentiments, which are reflected in the drop of Q1 sales in big names such as Toyota, Honda, and Proton.Honda Malaysia end their first quarter with a year-on-year decline meant that the company will have a very challenging 9 months ahead to achieve their announced 2018 target of 109,000 units.While government agencies portray a rather optimistic Q1 (improving consumer index, stabilized price index), the automotive industry is still experiencing a weak consumer sentiment. With the General Elections schedule for May 9th, we expect a weaker than expected April 2018, and perhaps the month of May too, as consumers will be have reduced working days plus adopt a wait-and-see approach to the GE14.Nonetheless, with Q1 being the weakest quarters of the year (Q4 traditionally the strongest), there are still plenty of new models to excite the market in the second half of the year and perhaps reach closer to MAA’s forecasted TIV of 590,000 units. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags MAA sales TIV Print Related News April 2016’s New Vehicle Sales – Downward Spiral Continues Auto News Hans | May 19, 2016 There seems to be no end in sight yet for Malaysia’s automotive sector as new vehicle sales continues to spiral down for the fourth consecutive month ... June 2016’s New Vehicle Sales – Moderate Growth, Cautious Buyers Auto News Hans | July 25, 2016 Malaysia’s auto sector grew by nearly 30 percent month-on-month in June 2016 but year-to-date sales are still 15 percent lower than the same ... July 2016 New Vehicle Sales – Someone Left The Handbrakes On Auto News Hans | September 09, 2016 After the 28 percent month-on-month increase in new vehicle sales recorded in June, July saw sales tumbling down by 26 percent, negating much of the ... August 2016 New Vehicle Sales – Some Improvements Seen Insights Hans | September 27, 2016 After the massive washout experienced in July, where Malaysia’s new car sales dropped by 26 percent month-on-month, August’s numbers offered some ... Comments
March and Q1 2018 New Vehicle Sales – An Uninspiring Quarter Auto News Siew Weng | April 23, 2018 11:50 am Malaysia's automotive industry continues to see a downward trend for 2018, as Quarter 1 (January to March 2018) have charted lower vehicles sold than Q1 2017.For March, the total industry volume (TIV) was 49,985 units, a reduction of 3,733 units versus March last year. Taking the sales performance of the first three months, Q1 2018 ended with 135,140 units versus Q1 2017 of 140,840 units, representing a 4% decline (or 5,700 units).Apart from Perodua and Mazda who are enjoying a strong 2018 thus far, Mercedes-Benz, Volkswagen, and Peugeot are also achieving a positive Q1. Below is the summary of the top 9 strong performers of 2018, and the key reason for their strong Q1 2018. Newly-launched models such as GLC class, Tiguan, Passat, 3008, Outlander CKD and XV have improved the sales performance of their respective brands.However, the strong performance of these few brands could not overcome the weak consumer sentiments, which are reflected in the drop of Q1 sales in big names such as Toyota, Honda, and Proton.Honda Malaysia end their first quarter with a year-on-year decline meant that the company will have a very challenging 9 months ahead to achieve their announced 2018 target of 109,000 units.While government agencies portray a rather optimistic Q1 (improving consumer index, stabilized price index), the automotive industry is still experiencing a weak consumer sentiment. With the General Elections schedule for May 9th, we expect a weaker than expected April 2018, and perhaps the month of May too, as consumers will be have reduced working days plus adopt a wait-and-see approach to the GE14.Nonetheless, with Q1 being the weakest quarters of the year (Q4 traditionally the strongest), there are still plenty of new models to excite the market in the second half of the year and perhaps reach closer to MAA’s forecasted TIV of 590,000 units. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags MAA sales TIV
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
April 2016’s New Vehicle Sales – Downward Spiral Continues Auto News Hans | May 19, 2016 There seems to be no end in sight yet for Malaysia’s automotive sector as new vehicle sales continues to spiral down for the fourth consecutive month ...
June 2016’s New Vehicle Sales – Moderate Growth, Cautious Buyers Auto News Hans | July 25, 2016 Malaysia’s auto sector grew by nearly 30 percent month-on-month in June 2016 but year-to-date sales are still 15 percent lower than the same ...
July 2016 New Vehicle Sales – Someone Left The Handbrakes On Auto News Hans | September 09, 2016 After the 28 percent month-on-month increase in new vehicle sales recorded in June, July saw sales tumbling down by 26 percent, negating much of the ...
August 2016 New Vehicle Sales – Some Improvements Seen Insights Hans | September 27, 2016 After the massive washout experienced in July, where Malaysia’s new car sales dropped by 26 percent month-on-month, August’s numbers offered some ...