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Vehicle sales fall for 1st time this year
by hlk Fri 17 Jun 2011, 19:58
KUALA LUMPUR: Vehicle sales in May fell for the first time this year to 46,045 units from 50,883 units in the same period last year.
The fall in sales was due to the shortfall in production from April 2011, which has resulted in insufficient supply to meet deliveries, the Malaysian Automotive Association (MAA) said in a statement.
It said sales volume for the five-month period, however, expanded by 3.4 per cent to 255,247 units from 247,110 units over the same period last year.
For the month under review, vehicle production slipped to 38,909 units from the 48,845 units registered in the same month last year while for the five-month period, it fell to 230,676 compared with 241,658 in the same period last year.
On outlook, MAA said sales volume for June was not expected to improve.
"Although consumer sentiment for new vehicles remained stable, production has not fully recovered.
"Supply would therefore continue to put pressure on deliveries," it said. - Bernama
The fall in sales was due to the shortfall in production from April 2011, which has resulted in insufficient supply to meet deliveries, the Malaysian Automotive Association (MAA) said in a statement.
It said sales volume for the five-month period, however, expanded by 3.4 per cent to 255,247 units from 247,110 units over the same period last year.
For the month under review, vehicle production slipped to 38,909 units from the 48,845 units registered in the same month last year while for the five-month period, it fell to 230,676 compared with 241,658 in the same period last year.
On outlook, MAA said sales volume for June was not expected to improve.
"Although consumer sentiment for new vehicles remained stable, production has not fully recovered.
"Supply would therefore continue to put pressure on deliveries," it said. - Bernama
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