♦ TIV still going strong. August’s TIV reached 55,208 units and was up
13.7% yoy and 3.2% mom (+2.9% yoy and -1% mom in July). Better
numbers were mainly due to the rush for car deliveries before the Hari
Raya festivities. Going into September, MAA has mentioned that TIV
numbers will be lower due to consolidation after the rush for deliveries
and clearing of back order. We also expect the shorter working month to
be another reason for softer sales in the coming month. YTD TIV of
409,806 achieved 70% of our full-year forecast of 587,698 and 72% of
MAA’s forecast of 570,000.
Motor Sector Update : Another Month Of Good Numbers - 27/09/2010
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