Automotive sales performance

As we head into the last stretch of 2019, time to discover how the car business has overseen in the initial 75% of the year, with the month to month deals records as discharged by the Malaysian Automotive Association (MAA) giving the basic figures concerning how well each brand has been faring so far in relation to the comparing time frame in 2018.

The year-to-date complete industry volume (TIV) up to September is a little behind that of 2018, somewhere near 2.63% (or 11,864 units), with 442,991 vehicles provided in the initial nine months of this current year contrasted with 454,971 units oversaw simultaneously a year ago. The present slack is understandable, given that vehicle deals spiked impressively for some brands a year ago for the time of the three-month, zero-appraised GST duty occasion from June to August.

Without a doubt, the automaker’s presentation in the nine months in the current year is forward of that from a year ago, with the 178,754 units it has overseen up to Q3 2019 a 6.27% ascent over the 168,203 units it accomplished a year ago. Its piece of the overall industry of 40.4% is higher from 37% in 2018.

In terms of additions, however, it is Proton that has made the most ground – the national automaker has sold 69,920 units so far this year, and that’s a 42.02% development over the 49,233 units sold during the same time in 2018.

It’s all good enough to push it into the second position in the overall standings and improve its market share to 15.8% from 10.8% formerly, but the tussle for the spot with Honda (-18.51%) still relics close, and the dust perhaps won’t settle until the year is out.