May 25, 2022

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Malaysia profits rise 4% in February | Automotive Marketplace News

Malaysia’s new auto market place rose by just above 4% to 42,784 models in February 2021 from 41,088 units in the identical month of very last year, based mostly on registration data introduced by the Malaysian Automotive Association (MAA).

The affiliation mentioned showroom visits increased noticeably in the month soon after the authorities lifted the Motion Management Buy (MCO) it re-imposed at the commencing of the calendar year following a spike in COVID-19 bacterial infections. Month-on-month, the market place rebounded by more than 30% following declining by 51% to 32,829 units in January.

In the first two months of the year, the market was by nevertheless down by more than 10% at 75,613 models from 84,030 models a yr previously, with passenger vehicles product sales amounting to 66,795 units and commercial automobile revenue 8,818 models.

The industry was predicted to improve further in March, as February gross sales were being also held back by this year’s Lunar New Calendar year holidays.

Proton claimed individually its profits greater by 20% 12 months-on-calendar year to 11,873 units last month while 12 months-to-date sales amounted to 17,837 models, assisted by powerful need for the new Geely-centered X50 compact SUV.

Perodua stated it bought 16,583 automobiles units in February and 33,477 models in the initial two months of the 12 months, though Toyota offered 5,074 units very last month and 8,919 models calendar year-to-date.