Good News In Malaysian Economy : Car Sales jumping

Please do read my comments after. Thank you.

This is taken from Paul Tan here.

Malaysian vehicles sales data for Oct 2018

picked up in October as result of stocks replenished

SST didn’t really blunt vehicle purchasing

CKD prices lower than – or identical to – that with GST.

Sales in October totalled 42,273 units

increase of 11,032 units or 35% over 31,241 units in September

Y-o-Y October numbers shade ahead October 2017 - 232 units higher

Perodua 106.2% increase

Honda 46.0% increase

Proton 12.6% hike in sales

Toyota +57.8% increase

Nissan +24.8% increase

Mazda (+37.4%)

Volkswagen (+50.8%)

Mercedes steep rise (+72.9%)

Volvo positive 26.4% gain

My comments : Car sales in October have seen significant increases of 35% over the previous month September. This is a very good sign which shows that consumers have good income earnings which are reflected in the higher sales of cars.

A point to note here is the steep rise (73%) in the sale of premium brand Mercedes Benz. These would be the business people and the corporate types.

Hopefully in the new era of no more (or much less) corruption, transparency and less wastage in government contracts, the higher sales of premium brands like Mercedes Benz implies that genuine businesses and genuine businessmen are beginning to see good prospects in the economy.

And this would also include the private sector economy which should be a little removed from Government spending which is now facing severe cuts.

Despite severe cuts in Government spending, there seems to be enough prospect for people to pay over RM300,000 for a new Mercedes Benz. This is indeed very good news.

Maksudnya Boss sudah mula projek baru, buka cawangan perniagaan baru, mulakan bisnes baru, ambil pekerja baru, beli lori baru, beli mesin baru, renovation kedai baru, tambah ruang show room, sewa godown baru dsbnya.

So this is good news.

Folks, always have faith and confidence in ourselves. No one is going to help us other than ourselves. Just focus on doing good things - at work, at play, in your free time etc.

Focus on doing good - for yourselves, your family, friends, your customers, your community. Things will turn around. Believe me.

The power of positive thinking and positive energy is unbelievable.

You can make gold out of almost nothing.

By the way, over in the Used Car market, old Ladas also seem to have appreciated.