The Automotive TIV (Total Industry Volume) from January to April 2016 has been anything but rosy with the current economic situation. Based on the official TIV release by MAA (Malaysian Automotive Association)
Volkswagen handed over 1.94 million vehicles to customers worldwide in the first four months of the year, thus almost matching the prior-year level (1.98 million). 476,700 units were delivered in April 2016, 3.9 percent fewer than the comparable month last year (April 2015: 496,000).
Perodua captures 36.3% of the estimated total industry volume of 130,000 in the first quarter of the year by registering nearly 47,200 vehicles; led by its latest best-selling model - the Perodua Axia.
Mercedes-Benz Malaysia (MBM) again topped the Premium Car segment in the country for the first quarter of the year. Following the introduction of four new models and three dealerships, MBM continues to hold pole position in the first three months of the year.
February's TIV (Total Industry Volume) continues to be on the decline as manufacturers and official distributors quickly scramble to introduce new variants and models. Following the long, long CNY (Chinese New Year) break, sales for cars have not improved all that much from the previous month.