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Buying a new car just because it’s attractive? Would you?

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I told someone that car sales are up. It’s a good sign that people are positive with their income and are thus buying a new car now.

This someone said that they are only buying a car because there are many attractive models currently.

Ranging from Aruz to X70 and even to the facelifted Persona and Iriz for example.

May I remind him that attractive models have been launched every year… or even every other month by some car manufacturers?

Plus the fact is, Malaysians are not known to buy the most attractive car…

They buy the brand they like the most and then only tell people all the many reasons for buying that car.

Emotional decision but we justify it after that with ‘rational’ reasons. Haha.

Yes, that includes low maintenance needed

Yes, that includes low maintenance needed (Japanese vs Continental for e.g) Second one is highlighting the fuel-saving (savings of 10 sen per km x 20,000 km per year is only RM2,000 x 10 years is just RM20,000.

Yet, they bought a car which is more expensive by RM30,000) Third one if resale value. (some justified this using %… come on, if we are buying a RM100,000 car and it’s down by 40% that’s RM40,000…

It’s wiser to buy a RM70,000 car and losing 50%… instead) This is why if we love a certain brand and we bought that brand, just say we love that brand!

If it’s because of brand, there’s no need to justify. I love it… so what?

Anyway, coming back to positive sentiments. Car sales are UP! Double digits too.

Malaysia’s sales of vehicle increased by 22% or 10,816 units higher

Article in themalaysianreserve.com here. Malaysia’s sales of vehicle increased by 22% or 10,816 units higher in May 2019 versus April 2019.

Major reason is due to Hari Raya promotional campaign by carmakers.

On a yearly basis, total industry volume (TIV) up 41% to 60,780 units from 42,777 registered in the same month last year, according to statistics by the Malaysian Automotive Association (MAA).

Commercial vehicles are up 76% from the same month in 2018! (WOW…) Nevertheless, this is what MAA said for June. “Sales volume for June 2019 is expected to be lower than May 2019 level due to short working month.”

Based on the forecast by MAA for 2019, the industry sales numbers are on track.

Total delivery is 253,808 unit of vehicles, standing at 42.3%. As at end May, based on 600,000 the number should be 250,000 vehicles.

Proton clinched a market share of about 17.2% in May, where sales are accelerated by the SUV X70, as well as facelifted Persona and Iriz. Do read here for the full article yeah.

New cars are not needed if it’s just to get from one destination to the next.

Buying a 1 year-old second hand car will net us savings of easily 10-15% of the car price and it goes even lower for a 3-4 year old car.

RM100,000 car is also not needed if it’s just to buy a SUV because there are cheaper SUVs in the market.

RM70,000 is not needed to buy a MPV if it’s just to get an MPV because there are cheaper MPVs in the market too.

Thus, when Malaysians are able to choose a car they want to buy instead of being stuck with only the cheapest choice, it meant that everyone continues to have a good and stable job.

This is why we should be a bit more confident. Then again, if the question is whether to get a car or a property, the answer will always be the latter. Happy understanding.

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<Featured Image is courtesy of Stock Photos from Jasni >

Next suggested article: Condo prices, neighbour’s cars and valuations

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