The effect of macroeconomic variables on passenger vehicle sales in Malaysia

Transportation is very important to each of people in the modern world. Transportation is needed by people to move from one place to another place. Day to day, demand towards transportation increasing especially on passenger vehicle. To meet this demand, foreign and local automotive companies produc...

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Main Author: Mohamad Ali, Najwa Fathia
Format: Student Project
Language:English
Published: Faculty of Business and Management 2014
Subjects:
Online Access:http://ir.uitm.edu.my/id/eprint/19568/
http://ir.uitm.edu.my/id/eprint/19568/1/PP_NAJWA%20FATHIA%20MOHD%20ALI%20BM%2014_5.pdf
id uitm-19568
recordtype eprints
spelling uitm-195682018-04-17T04:23:27Z http://ir.uitm.edu.my/id/eprint/19568/ The effect of macroeconomic variables on passenger vehicle sales in Malaysia Mohamad Ali, Najwa Fathia Transportation (General works). Communication and traffic Transportation is very important to each of people in the modern world. Transportation is needed by people to move from one place to another place. Day to day, demand towards transportation increasing especially on passenger vehicle. To meet this demand, foreign and local automotive companies producing various types and model of vehicles. In Malaysia, there are two national car manufacturers which are Proton and Perodua. Both, car manufacturers continuously produced new cars model in order to compete with foreign car manufacturers which give high competition. However, it seems like foreign cars model tried to dominate local automobile market when many manufacturers and assembler option for CKD (complete knocked-down) to easy access to the Malaysian market. The reduction on taxes for imported cars will increase on consumer purchasing power might give higher threat to national car sales. Moreover, economic condition also will influence the demand on passenger vehicle in Malaysia. These situations giving high threat to national automobiles. Due to that circumstances, this paper aims at finding out the effect of Macroeconomic Variables on the passenger vehicle sales in Malaysia. The variables considered are index of industrial production (IIP), consumer price index (CPI), and oil price (OP). The sample of this study comprises of 60 observations each of the independent and dependent variables on monthly basis over five years period from January 2008 to December 2012. Methodology used for this study is by using Multiple Linear Regression with time series data sourced from Ministry of Commerce and Consumer Affairs, Bank Negara Malaysia and Malaysian Automotive Association (MAA). The result of the study is IIP which is proxy to GDP has significant relationship and simultaneously affect on passenger vehicle sales in Malaysia. The future researcher can depend on IIP as a strong variable that influence passenger vehicle sales. Faculty of Business and Management 2014-12 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/19568/1/PP_NAJWA%20FATHIA%20MOHD%20ALI%20BM%2014_5.pdf Mohamad Ali, Najwa Fathia (2014) The effect of macroeconomic variables on passenger vehicle sales in Malaysia. [Student Project]
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Transportation (General works). Communication and traffic
spellingShingle Transportation (General works). Communication and traffic
Mohamad Ali, Najwa Fathia
The effect of macroeconomic variables on passenger vehicle sales in Malaysia
description Transportation is very important to each of people in the modern world. Transportation is needed by people to move from one place to another place. Day to day, demand towards transportation increasing especially on passenger vehicle. To meet this demand, foreign and local automotive companies producing various types and model of vehicles. In Malaysia, there are two national car manufacturers which are Proton and Perodua. Both, car manufacturers continuously produced new cars model in order to compete with foreign car manufacturers which give high competition. However, it seems like foreign cars model tried to dominate local automobile market when many manufacturers and assembler option for CKD (complete knocked-down) to easy access to the Malaysian market. The reduction on taxes for imported cars will increase on consumer purchasing power might give higher threat to national car sales. Moreover, economic condition also will influence the demand on passenger vehicle in Malaysia. These situations giving high threat to national automobiles. Due to that circumstances, this paper aims at finding out the effect of Macroeconomic Variables on the passenger vehicle sales in Malaysia. The variables considered are index of industrial production (IIP), consumer price index (CPI), and oil price (OP). The sample of this study comprises of 60 observations each of the independent and dependent variables on monthly basis over five years period from January 2008 to December 2012. Methodology used for this study is by using Multiple Linear Regression with time series data sourced from Ministry of Commerce and Consumer Affairs, Bank Negara Malaysia and Malaysian Automotive Association (MAA). The result of the study is IIP which is proxy to GDP has significant relationship and simultaneously affect on passenger vehicle sales in Malaysia. The future researcher can depend on IIP as a strong variable that influence passenger vehicle sales.
format Student Project
author Mohamad Ali, Najwa Fathia
author_facet Mohamad Ali, Najwa Fathia
author_sort Mohamad Ali, Najwa Fathia
title The effect of macroeconomic variables on passenger vehicle sales in Malaysia
title_short The effect of macroeconomic variables on passenger vehicle sales in Malaysia
title_full The effect of macroeconomic variables on passenger vehicle sales in Malaysia
title_fullStr The effect of macroeconomic variables on passenger vehicle sales in Malaysia
title_full_unstemmed The effect of macroeconomic variables on passenger vehicle sales in Malaysia
title_sort effect of macroeconomic variables on passenger vehicle sales in malaysia
publisher Faculty of Business and Management
publishDate 2014
url http://ir.uitm.edu.my/id/eprint/19568/
http://ir.uitm.edu.my/id/eprint/19568/1/PP_NAJWA%20FATHIA%20MOHD%20ALI%20BM%2014_5.pdf
first_indexed 2023-09-18T23:02:50Z
last_indexed 2023-09-18T23:02:50Z
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