The Malaysian Automotive Association (MAA) expects Malaysia’s vehicle market to grow 2.4% to 550,000 units in 2010 due to an improved economic outlook.
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The MAA says that the government’s stimulus packages should boost the economy and create demand for new vehicles.
Vehicle sales in 2009 reached 536,905 units, down 2% on the previous year.
However, 2009’s tally exceeded the MAA’s initial forecast of 500,000 units and demand improved in the final quarter of the year.
In 2009, a total 486,342 passenger vehicles were sold compared with 497,459 units in 2008 while sales of commercial vehicles dipped to 50,563 units from 50,656 previously.
