Malaysia's car sales dropped 18% in April compared to March, but increased 21% year-on-year.
Malaysia's car sales dropped 18% in April to 57,991 units compared to March, mainly due to Hari Raya festive holidays. However, year-on-year, sales increased 21% from 47,802 units in 2020. From Jan-April 2021, total car sales reached 260,236 units, up 8%. Car production also rose 38% YoY in April to 56,895 units, with a 12% increase from Jan-April to 267,326 units. MAA predicts May sales will be slightly higher.
May 20, 2024
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