New vehicle profits in Malaysia rose by over 5% to 49,603 units in May 2022 from 47,207 units in the similar thirty day period of past year, in accordance to registration information produced by the Malaysian Automotive Association (MAA).
The affiliation claimed the marketplace very last month ongoing to be held back again by shortages of semiconductors, which has afflicted some car or truck makers far more than other people, while the yearly Eid holidays have been also a negative for the vehicle industry. When compared with April, the market was down by almost 12% past month.
Overall gross sales in the very first five months of the year have been up by above 7% at 265,656 automobiles compared with 247,250 in the identical period of final year, with passenger auto sales growing by just about 6% to 233,705 models while industrial auto income surged by 27% to 31,951 units.
Perodua observed its profits enhance by over 5% yr-on-12 months to 18,901 models in May and by 9% at 106,179 models yr-to-day, driven by popular models this sort of as the Myvi, Axia and Bezza.
Proton international sales increased by nearly 4% to 9,792 units in Could, though calendar year-to-date revenue ended up down by 21% at 45,337 units. Exports jumped by 47% to 2,086 models in the five-thirty day period interval, mainly to marketplaces these kinds of as Pakistan, Egypt and Brunei.
UMW Toyota profits have been just a little reduced year-on-12 months at 7,579 models in May perhaps, but ended up up by extra than 9% bigger at 34,026 units calendar year-to-day thanks to strong desire for styles these as the regionally assembled Corolla Cross Hybrid and the Hilux pickup truck.
The car sector was predicted to rebound strongly in June, right after the Eid and also as the revenue tax vacation introduced in June last calendar year was scheduled to expire at the conclude of the month – until the federal government agrees to extend it further at the past minute.