Malaysia - Automotive Production volume, 2024

Flash report, February 2024

Mar 25, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Malaysian new car sales decrease by 1.1%, and production increases by 2.8% in February
On March 18, Malaysian Automotive Association (MAA) announced that new car sales of 62,833 units in February decreased by 1.1% over the same month in 2023.
PV (passenger vehicles) sales were up 2.7% to 57,979 units. CV (commercial vehicles) sales were down 31.9% to 4,854 units.
New car sales for the first two months of 2024 increased 12.8% from the same period in 2023 to 128,332 units.
The number of Malaysian car production for February increases 2.8% over the previous year to 65,611 units.
New car production for the first two months of 2024 increased 15.8% from the same period in 2023 to 141,688 units.
Sales in March 2024 is expected to be higher than February 2024 due to companies rushing to fulfill for deliveries before their financial year ending on 31 March 2024, as well as promotional campaigns for the Hari Raya festive season.

Malaysia - Sales and Production of new Vehicles

Type	Feb. 2024	Feb. 2023	Y-o-Y	Jan.-Feb. 2024	Jan.-Feb. 2023	Y-o-Y
Sales
Passenger Cars	57,979	56,433	2.7%	117,373	101,019	16.2%
Commercial Vehicles	4,854	7,128	-31.9%	10,959	12,710	-13.8%
Total	62,833	63,561	-1.1%	128,332	113,729	12.8%
Production
Passenger Cars	61,935	59,843	3.5%	133,601	114,506	16.7%
Commercial Vehicles	3,676	3,955	-7.1%	8,087	7,819	3.4%
Total	65,611	63,798	2.8%	141,688	122,325	15.8%

Source: Malaysian Automotive Association (MAA)

Flash report, January 2024

Feb 29, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Malaysian new car sales increase by 30.6%, and production increases by 30.0% in January
Malaysian Automotive Association (MAA) announced that new car sales of 65,499 units in January increased by 30.6% over the same month in 2023.
PV (passenger vehicles) sales were up 33.2% to 59,394 units. CV (commercial vehicles) sales were up 9.4% to 6,105 units.
The number of Malaysian car production for January increases 30.0% over the previous year to 76,077 units.
As of the end of January, Malaysia's new motor vehicle sales are expected to decline by 7.5% to 740,000 units in 2024, said the Malaysian Automotive Association (MAA), following record sales of 799,731 units in 2023.
For 2024, MAA's weaker forecast is due to several factors, including global economic uncertainty due to conflicts and geopolitical tensions, and a slight slowdown in global economic growth forecasted by the International Monetary Fund to 2.9% in 2024 from 3% in 2023.

Malaysia - Sales and Production of new Vehicles

Type	Jan. 2024	Jan. 2023	Y-o-Y
Sales
Passenger Cars	59,394	44,586	33.2%
Commercial Vehicles	6,105	5,582	9.4%
Total	65,499	50,168	30.6%
Production
Passenger Cars	71,666	54,663	31.1%
Commercial Vehicles	4,411	3,864	14.2%
Total	76,077	58,527	30.0%

Source: Malaysian Automotive Association (MAA)