COVID-19 Decimates Commercial Vehicle Production and Sales

The Malaysian Automotive Association has released its latest figures for the commercial vehicle industry for April as the impact of the MCO continued to gravely impact the market.

99% Drop in CV Production

In terms of production the Association reported a 99% fall with only 35 units being manufactured during April. Similarly, sales saw a 98% drop off with only 10 units registered across the whole of the month.

The Malaysian Automotive Association also stated in its latest press communications that sales and production levels were expected to increase in May as a result of the restrictions being lifted. Despite the increased confidence for May, the outlook remained gloomy with the Association referencing banks approving less hire purchase loans as well as reducing hire purchase loans quantum.

Posted by Richard Wilson on 19 Jun 2020

About the author

Richard Wilson

Richard Wilson is a correspondent for Truck & Bus News. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Commercial Tyre Business. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richardjwilson@btconnect.com

Phone: (60) 3 7781 1323

Make sure you don't miss a single issue

Click here to subscribe and we'll make sure of it.

Subscribe now