Malaysia's new vehicle market continued to fall in December, by 6.5% to 64,831 units from 69,368 units a year earlier, based on data released by the Malaysian Automotive Association (MAA).
Economic growth in the country slowed sharply last year, to just above 4% from close to 5% in 2015, due mainly to declining exports and weak commodity prices.
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Last year the domestic vehicle market declined by 13.0% to 580,124 units, compared with 666,674 units in 2015, including 514,545 passenger vehicles and 65,579 commercial vehicles.
Second national car company Perodua remained firmly at the top of the table with 207,110 sales last year, followed by Honda with 91,830 units and first national car company Proton trailing in third place with 72,290 units.
The association expects only a slight market recovery this year, of less than 2% to 590,000 units, reflecting continued economic uncertainty, a weak local currency and tough lending conditions.
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