malaysia car sales statistics
According to Jato Dynamic’s monthly report, the Renault Clio, with 24,915 units registered, has dethroned the Volkswagen Golf, which recorded 24,735 registrations, as the best-selling car in Europe in February 2020. Based on the collected statistics, the effect of Covid-19 has yet affected car sales in Europe the previous month. February registered a 7 percent drop in car sales compared to 7.6 percent in January though analysers are anticipating a larger drop in coming months. But the more shock
The upward trend for vehicle sales in Malaysia has continued into its second month, as data from the the Malaysian Automotive Association (MAA) has indicated that vehicles sales in Malaysia has increased by 94.7% in June 2020. Back in June, sales amounted to 44,965 units, which is an increase of 21,735 units or 94.7 percent compared to May. Although sales figures over the past two months were encouraging, year-to-date figures paint a different figure. With 174,675 units shifted from January to J
Looks like car manufacturers are not the only ones that are currently enjoying a surge in sales. Used-car dealers are also reporting record-high sales in the few months since the Recovery Movement Control Order was put into effect. According to the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president Datuk Tony Khor, the surge in demand for used cars is so good that the scenario is “simply too good to believe”. The surge in vehicle sales is believed to be spurred b
It’s a frantic start of the week for many staff at car companies. Following Friday’s announcement by the Prime Minister that locally-assembled cars will be exempted from paying 10 percent sales tax while imported vehicles will see the rate reduced by half, many car companies are swamped by calls from their dealers and stakeholders asking for details on what’s the next step. Without the necessary paperwork, the Accounts/Finance division at car companies are unable to proceed or give any answers.
The Malaysian Automotive Association (MAA) has announced its tally for total new car sales, better known within the industry as Total Industry Volume (TIV), for year 2020. A total of 529,514 new motor vehicles were sold in 2020, down 12.4 percent from 2019. The cause of the downturn is of course due to the Covid-19 pandemic and the associated MCO restricting normal economic activities. For two and a half months between March and May 2020, no cars were sold as showrooms were not allowed to operat
New car sales are falling in 18 out of the top-25 largest car markets and analysts are not expecting results for the rest of the year or even the next year to be any better. The first six months of 2019 saw 44.75 million vehicles sold worldwide, 6.8 percent lower than the same period last year. Of greater concern is that China’s auto industry is reporting negative double digits, slowing by 12.4 percent. China is the world’s largest car market, selling close to 30 million cars every year and for
New car sales in Malaysia dropped 44 percent month-on-month, according to the latest data from the Malaysian Automotive Association (MAA). As expected, March 2020’s numbers were down by almost half, as MCO was implemented on 18-March. A total of 22,478 new cars (including commercial vehicles) were sold in March 2020, a drop of 44 percent (17,925 units less) from February 2020’s numbers. Year-to-date sales for 2020 stands at 105,533 units, 26 percent less than the same three-month period in 2019.
Even though the country is still undergoing a pandemic, used car sales in Malaysia saw steady growth in 2020. This is despite the fact that used car dealers were severely hit from March to May due to the movement control order (MCO). According to the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) president, Datuk Tony Khor, the used car industry had only about nine months of business this year as a result. In an interview with StarBiz, he said in thanks to the sales ta
As you already know, the government has announced that all new locally-assembled (CKD) passenger cars will be exempted from paying the 10 percent sales tax starting 15-June until 31-December. Imported new cars will be given a 50 percent discount on sales tax, meaning that sales tax is still applicable, but at a lower 5 percent rate. However, this doesn’t mean that the prices of new CKD cars will drop by 10 percent. Most cars only saw a reduction of between 3 to 6 percent. Why is that so? The sim
The Malaysian Automotive Association (MAA) has revised its forecast for 2020’s total industry volume (TIV), the industry term for total new car sales, from 607,000 units to 400,000 units due to the on-going MCO. The reduction represents a 34 percent reduction in annual sales. The last time Malaysia’s TIV dropped below the 500,000 psychological barrier was in 2007, with 487,176 units sold. Last year, the TIV was 604,287 units, up 1 percent from 2018. MAA president Datuk Aishah Ahmad said the move
According to the latest info from the Japan Automobile Dealers Association (JADA), Toyota is dominating November sales with the Toyota Raize (the basis for the Perodua D55L) and Toyota Harrier both topping the SUV best-sellers chart. With 10,627 units and 9,897 units sold for both the Raize and Harrier respectively, both weren't the top 2 best-selling cars in Japan for last month, however. Instead, that honor belongs to the Toyota Yaris with 19,921 units sold. This sales figure includes models t
New car sales worldwide tumbled 39 percent in March 2020, according to data compiled by market research firm Jato Dynamics. It is the biggest month-on-month drop since 1980, when Jato Dynamics began compiling vehicle sales data. Global new car sales for March 2020 totalled just 5.55 million units. The 39 percent monthly drop was bigger than the 25 percent drop registered in November 2008 during the start of the 2008/2009 global financial crisis. Across the first three months of 2020, new car sal
Although it is only October, Mitsubishi Malaysia has already kicked off their annual year-end sales campaign with low interest rates of 0.88%. The special low interest offer is available on the Triton VGT Adventure X, Triton VGT AT Premium, and Triton VGT MT Premium. This offer is exclusive to customers purchasing their Tritons via Maybank or Public Bank. If you’re not purchasing your car from either of the banks mentioned, fret not as Mitsubishi also has cash rebates of up to RM 10,000 up for o
It is always exciting to welcome the arrival of a whole new model, but we often neglect the classics that shaped the brand by outselling all its competitors and becoming the best-selling cars in history. Here are the 5 top selling cars in the world. According to Automotive News Europe’s statistics, the top selling car model of all time since its launch is the Toyota Corolla. Launched in 1966, the Corolla has since sold more than 45 million cars in the world. Second in the ranking is the Ford F-S
Honda Malaysia set to hit 900,000 cumulative unit sales in Q3 2019 Road to 900,000th Unit Milestone Campaign - Nine Honda models to be given away as prizes Established in 2002 as a joint venture between Honda Motor Co., DRB-Hicom, Honda Malaysia, and Oriental Holdings, Honda Malaysia has come a long since it first locally-assembled a CR-V at the company’s plant in Melaka in 2003. The company is expected to reach a new milestone of achieving 900,000 units in cumulative sales by the third quarter
Malaysia remains an attractive destination for foreign investors and reports alleging that Malaysia is losing out in foreign direct investment (FDI) is wrong, says MIDA (Malaysian Investment Development Authority). The MITI agency also adds that references to data from the United Nations Commission on Trade and Development (UNCTAD) must be read in the correct context. On Thursday, Singapore’s Straits Times published a scathing report alleging that Malaysia is losing its attractiveness to foreign
Fixing Kia’s broken after-sales support in Malaysia is the most important (and difficult) task for new Kia distributor Dinamikjaya, a subsidiary of Bermaz Auto, which has taken over the distributorship rights for Kia vehicles in Malaysia effective 1-April 2021. Although many Kia owners are looking forward to a better ownership experience, they have to keep in mind that it’s unrealistic to expect the new custodians of Kia to undo more than a decade of neglect and clean up the legacy issues left b
Honda Malaysia Sdn. Bhd. (HMSB) today announced that they have achieved a total sales of 60,469 units in 2020, maintaining its top position in the non-national segment for the sixth consecutive year. This sales figure is largely contributed by the hot sales of the Honda City (34% of total sales), Honda Civic (20%) and Honda HR-V (17%). However, this figure is a 29.3% decrease from their sales in 2019 (85,418 units). This can be largely attributed to the challenges in the market brought on by the
Earlier this year, the NPM (National Platform Future of Mobility) predicted 400,000 car industry jobs in Germany could be gone by 2030. The NPM is a research agency funded by the German government. DW reports that the main reason behind this prediction is the rapid transition from internal combustion engines to electromobility, or electrification, accelerated by the EU's 2030 climate targets for the transport sector. Electric cars require 6 times fewer parts. Hence, far fewer workers are needed
The problem of motorists riding/driving against traffic is not unique to Malaysia, although your Facebook feeds will give you that it’s a growing problem confined only to Malaysia. Yesterday, a 35-year old man in Japan was killed when his Honda N-Box was hit head-on by a Toyota Crown driven by a 78-year old man who was driving against traffic. The incident happened yesterday 6-January, at 12.40 am at the Nishimeihan Expressway in Yamatokōriyama city, in Nara prefecture. The younger driver died o
Now that the government has enforced the Control of Movement Order starting 18-March 2020 until 31-March 2020 to address the spread of Covid-19, car dealers and service centres will obviously have to be shut down for at least two weeks. Unlike the hotel and travel industry, which have been granted various tax breaks as well as lower utility rates, car dealers are left to fend for themselves. WapCar.my spoke to a few car dealers to get their thoughts on the matter. A Subaru dealer we spoke to tol
Though all operations have returned to full capacity for Mitsubishi Motors showrooms, Mitsubishi Motors Malaysia (MMM) is still taking further safety steps by introducing a new Test Drive 2U online service. The new service is part of MMM’s continuous efforts to prevent the spread of the coronavirus during the Conditional Movement Control Order (CMCO). Test Drive 2U will see dedicated MMM sales consultants bringing the Mitsubishi vehicle you wish to test drive right to your doorstep. This will ke
Volvo Car Malaysia, the premium car maker, has appointed Pekin Auto Sdn Bhd (“Pekin Auto”) as its latest dealer representative in Johor Bahru, in line with its expansive transformation plan which aims to improve overall customer experience. The new 3S Centre (Sales, Service, and Spare Parts) located near Skudai, will adhere to Volvo Cars’ latest VRE (Volvo Retail Experience) requirement – a standard that delivers a holistic brand experience for customers at any of Volvo Cars’ authorised location
Following Prime Minister Tan Sri Muhyiddin Yasin’s announcement last week with regard to the Short-Term Economic Recovery plan, Volvo Car Malaysia today released its new price list for all Volvo CKD (Completely Knocked Down) models to exclude sales tax, effective 15 June to 31 December 2020. Nalin Jain, Managing Director of Volvo Car Malaysia, said: “We fully welcome the introduction of the sales tax holiday and are grateful for the opportunity to pass on the full benefits to our customers. The
It’s not exactly the winter sonata that Hyundai wanted but production at one of Hyundai Motor’s plant in Korea will be temporary suspended for 2 weeks. According to Korea's Yonhap News Agency, production in the Asan plant will be put on pause due to poor sales of the Hyundai Sonata. Hyundai Motor Company has released a statement on 22-Dec that work in the Asan plant will be on hold from 23-Dec 2020 to 6-Jan 2021. Besides the Sonata, the Grandeur is also produced at the same plant. COVID-19 is al
UMW Toyota Motor, the sole authorized distributor for Toyota (and Lexus) vehicles in Malaysia ended year 2020 with 59,320 Toyota vehicles sold, a 14.1 percent reduction from 2019. Although the company is still behind Honda Malaysia, which managed to inch just ahead of Toyota with 60,469 units sold to clinch the No.1 non-national brand crown, it was Toyota that weathered the tumultuous year better, seeing a far lower drop in sales. Sales of Honda vehicles dropped by nearly a third, 29.3 percent,
We previously reported that second-hand car dealers are experiencing record-high sales in July 2020. It seems the success followed through to the third half of 2020 as well. According to the president of Federation of Motor and Credit Companies Association of Malaysia (FMCCAM), Datuk Tony Khor, the year-on-year sales in July spiked over 25 percent to 37,800 units while both August and September registered over 17 percent year-on-year growth. He attributed the spike in sales to the incentives lik
Following its earlier announcement in August, Pekin Auto Sdn. Bhd.’s Volvo Car 3S Centre in Skudai is now open for business. Located in the outskirts of Johor Bahru, dealership is the latest to be built in accordance to the Volvo Retail Experience (VRE) – a dealer guide that best communicates the brand’s Scandinavian-inspired values – and has five service bays. This will be Volvo Car Malaysia's second dealer in Johor. The other dealer is located in Batu Pahat, operated by AJ Premium. In total, V
Following our earlier report that there are no more 2020 manufacturing year Kia Sorento and Kia Sportage models, Naza Kia Malaysia have reached out to us with a clarification on the matter. The company says the halt in sales is only temporary. The current situation - no 2020 models of Kia Sorento and Sportage - is due to a supply disruption affecting these two models but the company is unable to divulge further regarding the specifics behind the supply disruption. A company spokesperson says Naz
This is a surprise to everyone, good or bad, it depends on how you see it. In a document sighted by WapCar.my, the Ministry of Finance has just announced today that existing sales tax (SST) exemption/discount for new and reconditioned cars under the Penjana stimulus package will be extended until 30 June 2021. The announcement supersedes an earlier reply by the Ministry made on 23-December, denying the Malaysian Automotive Association’s (MAA) appeal to extend the SST exemption/discount, which wa
Popular Videos
The Proton Saga, Getting To Know Malaysia’s First Love
2024 Honda City Hatchback 1.5L V-Sensing VS RS e:HEV in Malaysia, Worth The “Upgrade”?
Recommended Cars
Honda HR-V
RM 115,900 - 141,900Perodua Alza
RM 62,500 - 75,500Honda City
RM 84,900 - 111,900Honda City Hatchback
RM 78,900 - 109,900Toyota Yaris
RM 88,000 - 91,600
WapCar.my is a one-stop automotive site that provides car news, reviews, with tools to help you compare different models. All you need to find your next perfect car is here.
| Popular Cars |
|---|
| Toyota Corolla Cross |
| Honda City Hatchback |
| Perodua Ativa (D55L) |
| Cars News & Reviews |
|---|
| Good Reads |
| Reviews |
| News |
| Used Cars |
|---|
| Used Honda |
| Used Toyota |
| Used BMW |
| Tools |
|---|
| Insurance |
| Car Loan Calculator |
| Car Insurance Calculator |
| Road Tax Calculator |
| Petrol Price Malaysia |