7/17/2019

Car Sales Climb for Malaysian Brands

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Malaysia’s biggest domestic carmaker is raising its full-year sales forecast after posting a 4% gain in the first half of 2019.

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Malaysia’s biggest domestic carmaker is raising its full-year sales forecast after posting a 4% gain in the first half of 2019.

Market leader Perodua (Perusahaan Otomobil Kedua) says its domestic sales in January-June rose to 121,800 units from 117,100 in the same period last year. The company has raised its full-year forecast by 2% to 235,000 units, compared with 227,200 cars in 2018.

Malaysia’s Proton Holdings (Perusahaan Otomobil Nasional) reports that its first-half sales surged 61% to a four-year high of 43,700 cars.

Perodua and Proton, which dominated the Malaysian car sales for years, still control more than half the market. But their share has been eroded by well-equipped imports from Japan.