Sales of New Cars In Malaysia – Data, Trends, Charts & Analysis
Here you will find annual car sales figures for Malaysia. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).
The figures below come from unconfirmed sources and can vary slightly from other data you may find elsewhere. Despite our best efforts to find the most reliable data, we can’t guarantee 100% accuracy, unless a specific source is mentioned below the table. Still, we’re confident the provided data is sufficiently indicative of the size and trend of the market to be published as such. If you have access to a confirmed source of Malaysian car sales figures, including a split between Passenger Cars and LCVs, or data going back before 2005, please get in touch with us.
Malaysia Automotive Sales Data & Recent Highlights
As you can see, the Malaysian car sales market has been recovering in recent years. The market has been growing at an average annual growth rate of 18.2%. There are a number of factors that have contributed to the recovery of the Malaysia car sales market. These include the fact that the Malaysian economy has been recovering in recent years, which has led to an increase in disposable income. The Malaysian government introduced a sales tax exemption incentive in 2021, which made cars more affordable. We are also seeing an increase in demand for SUVs: SUVs are becoming increasingly popular in Malaysia, as they are seen as more practical and comfortable than sedans.
Despite the recovery, the Malaysia car sales market is expected to face some challenges in the coming years. These challenges include the cost of cars has been rising in recent years, which could make them less affordable for some people. The shortage of semiconductor chips has affected the production of new cars, making it difficult to import cars into Malaysia. Overall, the Malaysian car sales market is expected to remain positive in the coming years. However, there are some challenges that the market will need to address in order to maintain its growth.
Interesting MalaysiaNew Car Sales Stats
Best Sales Year Volume: 591,275 units sold
Worst Sales Year Volume: 374,169 units sold
Average Sales Per Year: 510,555.4 units sold
Total Sales Units (since 2005): 9,189,997 units sold