In March 2022, car sales increased by 62.5%

The Malaysian Automotive Association (MAA) has released car sales data for March 2022, which found that a total of 73,222 new cars were delivered to buyers during the month. This is an increase of 28,171 units from 45,051 units (initially reported 43,722 units) in February, which translates to a 62.5% increase.

According to the MAA, the increase was due to companies’ aggressive cell calls before the end of their fiscal year on March 31, as well as longer working days than in February.

Compared to the same month last year, this year has seen an increase of 2.76% (or 8,284 units), with the current figure for the first three months of 2022 being 159,752 units, an increase of 7.8% (or 11,597 units) compared to 2021 to 148,155 units.

The MAA is targeting lower April sales due to more deliveries throughout March as manufacturing companies try to meet their respective fiscal year targets. The association added that shortages of chips and components are expected to continue and affect sales, as well as delivery delays, which could affect some companies.

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