July 2022 Malaysian automobile gross sales down by 23% – MAA

The Malaysian Automotive Affiliation (MAA) has launched automobile gross sales knowledge for the month of July 2022, asserting {that a} whole of 48,922 new autos have been delivered to consumers final month. This can be a lower of 14,641 models from the 63,563 autos (initially reported as 63,366 units) sold in June, or a 23% drop in quantity.

Based on the affiliation, the excessive numbers in June have been on account of automobile firms managing to fulfil many orders acquired throughout the sales tax exemption incentive interval, in anticipation of there being no extension after June 30. It added that the scarcity of semiconductors chips and parts continued to have an effect on some makes, resulting in the decreased quantity final month.

In comparison with the identical month in 2021, July’s whole is 552% (or 41,423 models) larger than the 7,499 models managed final yr, when showroom gross sales continued to be affected because of the restrictions caused by part one of many Nationwide Restoration Plan (NRP).

As for the year-to-date whole, the overall business quantity for the primary seven months of 2022 stands at 380,595 models, forward by 48.3% (or 123,918 models) over the 256,677 models managed throughout the identical timeframe final yr.

The affiliation tasks gross sales in August to be much like July ranges, as automobile firms proceed to try fulfilling the backlog of orders made throughout the gross sales tax exemption interval. With the federal government’s choice to permit the SST exemption to be utilized for any automobile booked by June 30 and registered before March 31, 2023, the numbers must be constant proper into the top of the yr, with remaining quantity very a lot decided by manufacturing capacity.