Macroeconomic determinant of passenger vehicle sales in Malaysia

The fluctuation of passenger vehicle sale in Malaysia must be influence by some factors. The purpose of this study is to examine and analyze the effect of macroeconomic determinants on the passenger vehicles sale in Malaysia. Some data had been collected between the years of 2005 until 2014. The dependent variable for this study is passenger vehicle sales while the independent variables are gross domestic product (GDP), consumer price index (CPI) and oil price (OP). Methodology used for this study is Multiple Linear Regression with Time Series Data sourced from DataStream and Malaysian Automotive Association website. The findings are in accordance with the hypothesis formulated based on the previous studies and can be a useful tools in boosting passenger vehicle sales in Malaysia.