March car sales hit 2-year high, says research house

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Local cars expected to do well this year, says Ambank Research.

PETALING JAYA: Car sales in March were the highest in 27 months, Ambank Research said today.

Ambank Research said total industry volume sales were lifted by a rebound in all major marques due to the shorter working month of February. Proton, Ambank Research said, sold a total of 6,100 units in March, with 3,000 units or 49% comprising the still popular X70. The sales of the Hilux continue to improve, at a decent 1,100 units, contributing to 18% of Toyota’s total sales volume.However, the research house also noted that Toyota’s market share took a dip to 23% in March from 27% in February.

Ambank Research also said it will be interesting to see how the recently-launched all-new Yaris will fare against Honda’s Jazz in the fight for market share in the entry level hatchback segment.

 

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