While the Total Industry Volume (TIV) for May 2021 was double the TIV for the same month in 2020, the decline was beginning as the nationwide Movement Control Order (MCO) required non-essential businesses – including car showrooms – to be closed from May.
The Hari Raya festive period also reduced the number of working days and saw the TIV for May (46,663 units) being 19% lower than April.
90% of new vehicle sales were passenger vehicles, excluding pick-up trucks. This is also mirrored in the cumulative TIV for the first 5 months of 2021 which reached 245,932 units. During the same period in 2020, the TIV was 128,790 units due to the stoppage of businesses when the first MCO was implemented.
The vehicle output at the assembly plants also fell with the effects of the global shortage of microchips hampering production for some brands.
The total output of 42,522 units was 18% lower than in April or almost 9,000 units difference.
Cumulative output for 5 months was 240,998 units, or 117,142 units more than for the same period last year.
The MAA expects sales in June to be minimal and composed of companies carrying forward invoicing from May. No new vehicle sales can be conducted throughout June as showrooms must remain closed. Furthermore, agencies handling vehicle inspections or registration are also closed or working at reduced capacity.
