August new vehicle sales saw a boost of 6.5% over that of July with 51,270 units of passenger and commercial vehicles registered. However, compared to the same month in 2017, the Total Industry Volume (TIV) was 1% lower.
The TIV for August was made up of 46,010 passenger vehicles (excluding pick-up trucks) and 5,710 commercial vehicles (including pick-up trucks). Compared to August in 2016, the proportion was roughly the same.
The increase was attributed to the continuing promotions by many car companies. Some of the registrations made in August were also those that had to be deferred from July when the e-dafter system at the JPJ was faulty. Some companies experienced difficulties registering new vehicles, causing customers to be upset and disappointed at not being able to get their new vehicles as promised.
On the production side, the assembly plants produced a total of 43,688 units of new vehicles, of which 92% were passenger vehicles (excluding pick-up trucks). This was a slightly higher output than for the same month in 2016 when 43,452 vehicles were assembled or manufactured.
For the period from January through August 2017, the cumulative TIV for new vehicles registered reached 384,730 units, which has passed the TIV for the same period in 2016 when it was 370,152 units. It’s still about 8,600 units short of what it should be (393,333 units) if the average volume each month has to be 49,000 to 50,000 units in order to hit the MAA’s forecast of 590,000 units for this year.
Going into the final month of the third quarter, the push will be on for more sales. However, with many holidays in the month, it is likely that the TIV might not be higher than what was reported for August.