News dalla rete ITA

22 Ottobre 2021

Malaysia

PART 1: CHIP, PARTS SHORTAGE HITS CAR SALES

Supply chain disruption in Malaysia's automotive sector will likely continue to affect sales of new vehicles this year, despite a pent up demand for personal mobility, according to industry executives. They believe the total industry volume (TIV) will hover between 460,000 units and 500,000 units this year as manufacturers struggle to meet rising demand. This was due to the semiconductor shortage and the manufacturers and assemblers' inability to procure certain parts and components, they added. Bermaz Auto Bhd (BAuto) executive chairman Datuk Seri Ben Yeoh said public transport and car-sharing were not a favourite at the moment on continuous fear of being infected by Covid-19. "There is a pent up demand for vehicles as a result of the Covid-19 pandemic, especially on the need for personal mobility. This trend is showing up especially in demand for used cars," he told the New Straits Times (NST) recently. Yeoh said the Sales and Services Tax (SST) incentives would continue encouraging consumers to change new cars as residual prices were relatively good due to demand for used cars against the short supply. "New cars sale should be good, but supply situation may be interrupted by parts supply and semiconductor chips. This is a result of the shutdown in operations for a couple of months by manufacturers to contain the infection," he said. Yeoh said the supply situation would result in a lower TIV than initially projected. "Hopefully, if the government extend SST incentives, the outstanding bookings will increase, and we believe parts supply will normalise in 2022," he added. Malaysia Automotive, Robotics and IoT Institute (MARii) chief executive officer Datuk Madani Sahari said the recent reopening of the economy had allowed manufacturers to resume operations at full capacity. "The lifting of interstate travel is expected to invigorate the economy, and in turn will contribute to an increase in demand in vehicles as tourism, entertainment and more travel-based activities are allowed to re-open," he told the NST. MARii expects Malaysians to take advantage of the remaining SST exemptions on new vehicles until the year end. "We believe it is still possible for the industry to catch up with a target of at least 500,000 units by the end of 2021," Madani said. He said the main challenge for the final quarter of 2021 remained chip shortages that could dent the production of new vehicles globally. (ICE KUALA LUMPUR)


Fonte notizia: Kuala Lumpur, 22.10.2021