The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of March 2023, announcing that a total of 78,849 vehicles were delivered to buyers last month. These are 15,339 units more than the 63,510 units managed in February, which represents an increase of 24.15% in volume compared to the previous month.
The total also made March 2023 the best month ever in terms of monthly TIV, surpassing the all-time highest monthly TIV of 76,657 units that was handled in December.
The association said the increase in numbers was largely due to businesses rushing to meet reservations made during the sales exemption period, which ended at the end of March. Contributing to that increase was the avalanche of deliveries from companies whose fiscal year ended on March 31.
Compared to the same month in 2022, the March total was 7.64% (or 5,599 units) higher than the 73,250 units reached last year, and the TIV for the first three months of 2023 now stands at 192,474 units. , exceeding 32,628 units (or 20.4%) compared to the 159,846 units managed in the same period of the previous year.
The association projects that sales in April will be lower than in March as a result of a shorter working month due to the Hari Raya festivities.
