KUALA LUMPUR: New vehicle sales may have eased year-on-year (y-o-y) in August but the year-to-date volume is still above analysts’ expectation. MIDF Research said the 3.9 per cent growth in total industry volume (TIV) to 384,734 units in the first eight months is still well above its forecast growth of 2.7 per cent or about 596,000 units. The firm expects further upside to its target but this would very much depend on the build-up to the year-end sales campaigns. “August 2016 was one of only two months (the other being December) in the second half of 2016 which saw monthly TIV exceed 50,000 units. “The improvement in sequential sales was across the board except for Perodua which saw a one per cent m-o-m contraction and a 12 per cent y-o-y decline,” MIDF Research explained.

Source: New Strait Times September 21, 2017 03:10 UTC