KUALA LUMPUR, March 19 (Bernama) -- The automotive total industry volume (TIV) recovered in February, increasing 31 per cent month-on-month to 63,906 units compared to 48,732 units in January, the Malaysian Automotive Association (MAA) reported.
"The high TIV growth can be attributed to the market stabilisation in February after recovering from a setback in January," it said in a statement today.
However, on a year-on-year basis, MAA said the TIV dropped two per cent from the 65,017 units recorded in February 2024.
The association noted that a total of 61,545 vehicles were produced in February this year, down seven per cent from the same month last year.
Passenger vehicles accounted for 58,606 units, while the commercial vehicles were 2,939 units, it said.
On the industry’s outlook, MAA expects the TIV for March to be higher than February’s on the back of a month historically known as a high sales month. "Customers push for the delivery of their vehicles before the Hari Raya holidays and companies push to clear stocks before the financial year-end closing of March 31, 2025," it added.
-- BERNAMA
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