Malaysia's new vehicle sales experienced a significant decline in May. The total industry volume (TIV) dropped by 15 percent compared to the previous month. Specifically, sales fell to 61,250 units from the 72,113 units recorded in April. This downturn marks the end of two consecutive months of growth for the automotive sector. The data highlights a sudden reversal in market momentum. These figures reflect the current volatility in the domestic vehicle market. The industry now faces a challenge in regaining its previous upward trajectory.
