MAA president Mohd Shamsor Mohd Zain said the major reason for the higher projection for 2023 is because of the continuation of higher order books, adding that this is expected to continue for the rest of the year.
“However, this does not mean that the non-national makes are not performing. It is just that the national makes are growing,” he said yesterday. Of the 366,037 units, sales of new passenger vehicles grew by 11.2% year-on-year in 1H23 to 326,661 units, while sales of new commercial vehicles rose by 3.6% y-o-y to 39,376 units.Sales of national makes rose by 19% y-o-y to 220,702 units during the first six months of the year. In contrast, sales of passenger vehicles of non-national makes declined by 3% to 105,959 units.The share of national makes was about 63% of the total passenger vehicles market in 1H22.
“The sales outlook for July is expected to be maintained at the level in June. New brands will also add greater excitement to the market, which will spur more interest among consumers.