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BUSINESS • 27/02/2025 06:34 PM

TIV For Automotive Sector Down 40 Pct To 48,875 Units In January 2025 - MAA

KUALA LUMPUR, Feb 27 (Bernama) -- The total industry volume (TIV) in January 2025 declined by 40 per cent to 48,732 units compared with 81,735 units in December 2024, according to the Malaysian Automotive Association (MAA).

Year-on-year, the TIV decreased by 27 per cent from 66,923 units recorded in January 2024.

“The lower TIV was due to the short working month (19 working days) contributed by the Chinese New Year holidays and advance purchases in December 2024,” it said in a statement today. 

MAA said a total of 56,899 vehicles were produced in January this year, down 26 per cent from January last year. 

Passenger vehicles accounted for 53,794 units, while the commercial vehicles were 3,105 units.

On the outlook for February 2025, the association expects the TIV to improve compared with January 2025, mainly driven by purchases for the coming Hari Raya Aidilfitri celebration and the rush for sales by companies with financial year-end closing on March 31.

-- BERNAMA

 

 

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