Wed, 29 Jun 2022

KUALA LUMPUR, June 20 (Xinhua) -- Malaysia's total vehicle sales fell 11.76 percent from April to 49,603 in May due to a shortage of chips and components, according to the Malaysian Automotive Association (MAA) on Monday.

The shortage of chips and components and logistics delay disruptions continue to affect some makes, the MAA said in a statement. It also attributed the fall to a shorter working month due to the Hari Raya festival.

On a year-on-year basis, total vehicle sales in May rose 5.08 percent, while that in the Jan.-May period increased by 7.44 percent.

Meanwhile, total vehicle production in May climbed 15.56 percent year on year, and that in the Jan.-May period went up 7.07 percent.

The MAA expects sales in June to be stronger, driven by impetus from sales tax exemption incentive for consumers to buy passenger vehicles (which is due to expire by the end of June 2022) and an aggressive push for sales by car companies.

However, it said that the shortage of chips and components and supply chain disruptions will continue to affect some makes.

More Brunei News

Access More

Sign up for Brunei News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!