Tag: TIV

Another very good month for new vehicle sales

Another very good month for new vehicle sales

With the government giving a 3-month period following the abolition (or more accurately zero-rating) of the 6% Goods & Services Tax (GST) starting from June, the industry has been enjoying a boom time. The sudden upturn in sales has certainly been a welcome change from the challenges of meeting monthly […]

April sales dropped 6% after the boost in March

April sales dropped 6% after the boost in March

Not surprisingly, new vehicle sales in April were lower than for March as many people began to feel that perhaps they should wait till the General Elections are over before making their purchase. It was going to be a major event (which had an unexpected outcome) so human nature made […]

New year starts off with drop in new vehicle sales

New year starts off with drop in new vehicle sales

Not surprisingly, new vehicle sales in the first month of 2018 were lower than the month before. With aggressive end-of-year promotions as part of the effort to clear 2017 stocks before the new year began, many companies recorded a boost in sales and the December Total Industry Volume (TIV) of […]

Some cheer for the industry with sales up in October

Some cheer for the industry with sales up in October

October brought some cheer to the industry with an increase in the Total Industry Volume (TIV) of new vehicles registered. Compared to the month before when there were many holidays so the selling days were less, October’s TIV was 14.9% higher, or 6.085 units more. When comparing to the same […]