Malaysian automobile sales fell in May owing to chip shortag…

(MENAFN) According to the Malaysian Automotive Association (MAA), overall automobile income in Malaysia declined 11.76 % from April to 49,603 in May well owing to a shortage of semiconductors and components.

The MAA said in a statement that chip and element shortages, as properly as logistical delays, continue on to hamper some companies. The decline was partly ascribed to a shorter doing the job month owing to the Hari Raya celebration.

Whole auto product sales jumped 5.08 per cent 12 months on year in May possibly, when they greater 7.44 % from January to May perhaps.

In the meantime, all round motor vehicle production improved 15.56 % year on calendar year in Could, and 7.07 per cent from January to Could.

The MAA anticipates greater profits in June, owing to the sales tax exemption incentive for prospects purchasing passenger cars (which is set to expire at the finish of June 2022) and motor vehicle firms’ energetic revenue press.

However, it stated that chip and element shortages, as nicely as offer chain disruptions, will go on to hamper some manufacturers.

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