View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 23, 2018

Malaysia sales fall 16% in December, flat in 2017

New vehicle sales in Malaysia plunged by 15.6% to 54,728 units in December from 64,831 units in the same month of the previous year, according to registration data released by the Malaysian Automotive Association (MAA).

New vehicle sales in Malaysia plunged by 15.6% to 54,728 units in December from 64,831 units in the same month of the previous year, according to registration data released by the Malaysian Automotive Association (MAA).

This was the market's fourth consecutive monthly decline and reflects weakening demand for passenger vehicles in recent months.

Full year sales fell by just 0.6% to 576,635 units in 2017, from 580,124 units in 2016, reflecting a stronger market performance early on in the year.

Commercial vehicle sales fell by 5.5% to 61,956 units last year from 65,579 units in 2016, despite an upturn in the second half of the year as economic growth continued to accelerate. 

Passenger vehicle sales were flat at 514,679 units last year, compared with 514,545 units previously, with stronger growth earlier in the year offset by declining sales in the last several months.

The MAA expects the overall vehicle market to expand by 2.3% to 590,600 units in 2018, helped by strong global economic growth. 

This view is shared by the market's leading brand Perodua which expects its own sales to grow by 2% to 209,000 units this year from 204,900 units in 2017.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto