How does the decline in vehicle sales align with MAA and JPJ data?

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Vehicle Sales Decline Aligns with Industry Data

The motor vehicles sub-sector experienced a notable decline in sales, a trend that is consistent with figures released by both the Malaysian Automotive Association (MAA) and the Road Transport Department Malaysia (JPJ). This sub-sector's sales contracted by RM400 million or 2.3 per cent year-on-year, reaching RM18.6 billion in May. The primary driver of this downturn was a significant decrease in the sale of motor vehicles group, which saw an 11.4 per cent contraction, amounting to RM8.8 billion.
Motor Vehicles Sub-Sector Sales Contraction

Within the broader wholesale and retail trade sector, the motor vehicles sub-sector recorded weaker sales performance in May. This decline specifically impacted the sale of motor vehicles group, which contracted by 11.4 per cent to RM8.8 billion. Despite this overall dip, other segments within the motor vehicles sub-sector demonstrated growth, with sales of motor vehicle parts and accessories increasing by 7.8 per cent, maintenance and repair of motor vehicles rising by 6.8 per cent, and sales, maintenance, and repair of motorcycles and related parts and accessories growing by 9.1 per cent.
MAA Data Reflects Sales Decrease

The downward trend in motor vehicle sales is corroborated by data from the Malaysian Automotive Association (MAA). The MAA reported a total of 61,250 vehicle sales during the period in question. This figure aligns with the overall contraction observed in the motor vehicles sub-sector, indicating a broader market slowdown in new vehicle purchases.
JPJ Registrations Show Similar Pattern

Further supporting the observed decline, the Road Transport Department Malaysia (JPJ) recorded 66,089 vehicle registrations for the same period. While vehicle registrations represent a slightly different metric than sales, the number remains consistent with the general pattern of reduced activity in the new vehicle market, as reflected in the MAA data and the Department of Statistics Malaysia's figures for the motor vehicles sub-sector.

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How does the decline in vehicle sales align with MAA and JPJ data?

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