Sales of pickup trucks declined by 17.7% to 7,698 units in the first quarter of 2019 from an unchanged 9,358 units in the same period a year earlier, reflecting a broad-based decline in economic growth.
The Malaysian commercial vehicle market above 2 tons gvw declined by almost 15% to 12,431 units in the first quarter of 2019 from 14,549 units a year earlier, as the economic growth in the country continued to weaken.
Hap Seng Trucks Distribution Sdn Bhd took over the Daimler commercial vehicle general distribution business from Mercedes-Benz Malaysia in November 2018.
The Malaysian commercial vehicle market over 2 tons gvw declined by 10.6% to 16,687 units in the fourth quarter of 2018 from 18,656 units a year earlier, according to www.AsiaMotorBusiness.com analysis of industry wholesale data.