DOSM: Malaysia wholesale, retail trade jumps as car sales spike over 1,000%

KUALA LUMPUR (Aug 11): Malaysia’s June 2022 wholesale and retail trade value jumped 44% while its volume rose 35.8% from a year earlier, led by a spike in car sales value of 1,642.8% and volume of 1,529.9%, according to the Department of Statistics Malaysia (DOSM) on Thursday (Aug 11).

“Sales value of wholesale and retail trade recorded RM132.8 billion in June 2022, registered a growth of 44% year-on-year. The positive growth was contributed by all sub-sectors, namely motor vehicles 1,642.8%, retail trade 38.4% , and wholesale trade 19.3%.

“In terms of volume index, wholesale and retail trade registered a growth of 35.8% year-on-year to record 144.3 points. The increment was supported by the increase of motor vehicles 1,529.9%, retail trade 31.3%, and wholesale trade 10.7% ,” the DOSM said in a statement.

In monthly terms, Malaysia’s June 2022 wholesale and retail trade volume was down 2.3% from May 2022, said the statistics department.

Compared to a year earlier, Malaysia’s June 2022 wholesale and retail trade value grew 44% compared to May 2022’s year-on-year rise of 19.6%, according to the DOSM.

The DOSM said the country’s June 2022 wholesale trade value rose 19.3% to RM60.5 billion from a year earlier, retail trade value climbed 38.4% to RM56.2 billion while motor vehicle sales value spiked 1,642.8% to RM16.1 billion.

The June 2022 motor vehicle sales value spiked 1,642.8% yoy compared to May 2022’s 20.1% yoy rise, according to the DOSM.

Meanwhile, Malaysia’s June 2022 wholesale and retail trade volume index rose 35.8% to 144.3 points from a year earlier compared to May 2022’s yoy rise at 14.7%, the DOSM said.

June 2022 wholesale trade volume rose 10.7% from a year earlier, retail trade volume climbed 31.3% while motor vehicle trade volume increased 1,529.9%, according to the DOSM.

The June 2022 motor vehicle sales volume spiked 1,529.9% yoy compared to May 2022’s 19.6% yoy rise, according to the DOSM.

For the second quarter of 2022 (2Q22), the DOSM said Malaysia’s wholesale and retail trade sales value rose 25.3% to RM390.3 billion from a year earlier.

In quarterly terms, 2Q22 wholesale and retail trade sales value climbed 8.1% from the preceding 1Q22, according to the DOSM.

Meanwhile, the nation’s 2Q22 wholesale and retail trade volume index was up 19.3% from a year earlier, said the statistics department.

In a separate statement, the DOSM said that in 2Q22, the volume index of wholesale and retail trade registered a growth of 19.3% to reach 142.2 points compared to the same quarter of the previous year.

“Meanwhile, for quarter-on-quarter comparison, volume index also increased 5.6% in this quarter (2Q22),” the DOSM said.

The DOSM, however, did not provide cumulative 1H22 figures for Malaysia’s wholesale and retail trade sales value and volume index.

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