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New vehicle sales down 15% in March [18-04-2012]  
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Sales of new vehicles in March fell by 15.3% from a year ago to 53,583 units, according to the Malaysian Automotive Association (MAA).

Sales of passenger vehicles was down to 47,106 in March compared with 56,482 last year while commercial vehicles sales dropped to 6,477 units from 6,782 a year ago.

The total industry volume for the first quarter this year also recorded a fall by 12.5% to 138,544 units against the corresponding quarter last year.

However, MAA said that on a month-on-month basis, the sales in March reflected an expansion for the second consecutive month this year.

Sales in March was at 9,570 units or 21.7% higher than the previous month.

“The month-on-month increase was due to positive consumer sentiment, the introduction of new models of vehicles and a longer working month,” said MAA in statement.

On production, it said total volume stood at 46,607 units in March compared with 53,190 a year ago.

Passenger vehicles production was down to 41,064 in March against the same month last year.

However, the production of commercial vehicles increased to 5,543 units from 4,006 a year ago.

Overall, the production of vehicles for the first quarter was down 8.1% to 141,959 units against the corresponding quarter last year.

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