Malaysian new vehicle sales increased 5% year on year to 68,156 units in September 2023 from 65,160 units a year earlier, according to registration data from the Malaysian Automotive Association (MAA).

The market last month continued to be driven by strong domestic economic growth, despite sharp interest rate hikes by the central bank over the last year, and the recent end of government purchasing incentives.

Demand this year has been supported by new model launches and an easing of supply chain bottlenecks after 2022’s component shortages.

Year to date, sales are up 11% at 571,767 units from 514,449 a year ago, with passenger vehicle sales rising 12% to 512,852 units and commercial vehicle sales just 2% to 58,915.

Vehicle production also increased 11% to 566,422 units YTD.

In July the MAA revised up its full year domestic market forecast to 725,000 units, a slight increase on last year’s record 720,658, reflecting stronger than expected domestic economic growth.

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By GlobalData

Proton global sales rose 14% to 116,832 units YTD, including 1,600 exports. The Saga remained the brand’s best selling model with 51,484 deliveries so far, followed by the Geely-based X50 compact SUV with 24,960 units. The company launched its first hybrid model in May, the Geely based X90 three row SUV, but has been forced to recall the model to fix a wiring defect which has also caused production delays.
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