Factors Influencing the Number of National Car Sales in Malaysia

Abstract

The goal of this senior project is to investigate the variables that affect Malaysia's national car sales. The purpose of the study is to determine how the national car sales rate is affected by the gross domestic product, unemployment rate, inflation rate, and interest rate. The number of national automobile sales in Malaysia is the dependent variable (DV) in this study, whilst the gross domestic product, unemployment rate, inflation rate, and interest rate are the independent variables (IV). The study combines a qualitative research methodology and data from the internet, including the gross domestic product, unemployment rate, inflation rate, and interest rate as well as the number of national car sales in Malaysia from 1994 to 2022. Stata is then used to analyse the data. According to the literature analysis, those factors significantly influence the volume of national auto sales. Gross domestic product, unemployment rate, inflation rate, and interest rate are considered to be important variables that affect the volume of national auto sales. According to the study's findings, there is a substantial correlation between all of the independent factors (gross domestic product, unemployment rate, inflation rate, and interest rate) and the dependent variable (number of national car sales). The findings indicate that the number of national car sales in Malaysia is positively impacted by the gross domestic product, the unemployment rate, the inflation rate, and the interest rate. In conclusion, this study sheds light on the variables affecting the volume of domestic auto sales. Overall, this study adds to the body of information about the variables affecting the volume of domestic auto sales in Malaysia and provides guidance for policymakers and auto industry firms.