Well, it looks as if the implementation of the Goods and Services Tax (GST), which came into effect on April 1, has had a noticeable impact on sales of passenger and commercial vehicles in the country.
Vehicle sales in April 2015 amounted to 45,187 units in total (40,902 units passenger vehicles, 4,285 units commercial vehicles), which was 22,127 units fewer than sold in March - this amounted to a significant 32.7% drop over the previous month.
The sales figure for April 2015 was also 23% lower than that of the corresponding month in 2014, down by 13,554 units. Year-to-date performance up to April for 2015 was 213,493 units sold, slightly less than the same period in 2014, when 218,654 units were shifted.
The Malaysian Automotive Association said that the slump in April was due to consumers making an adjustment to the post-GST environment, and added that the significant difference in TIV figures for March this year was also brought about by consumers making vehicle purchases ahead of the implementation of the GST.
The association said that it expects sales volume to be better in May as consumers become more optimistic now that post-GST prices have been revealed by the industry.
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