Malaysia's Vehicle Sales Will Remain Strong In Coming Months - HLIB
Malaysia's new vehicle sales are expected to remain strong in the coming months due to Perodua's continued high order backlogs and more aggressive sales campaigns, particularly by the various original equipment manufacturers (OEMs).
According to Hong Leong Investment Bank Bhd (HLIB), the ringgit's recent strengthening is encouraging for the industry and could help offset the environment of higher operating costs in the second half of 2024 (2H24).
"We have also noticed more aggressive new launches by new Chinese OEMs with attractive pricings, which will provide stiff competition to incumbent OEMs," it said in a note.
"We have also noticed more aggressive new launches by new Chinese OEMs with attractive pricings, which will provide stiff competition to incumbent OEMs," it said.
Due to persistently high backlogs and new releases from select OEMs, the Malaysian Automotive Association reported another excellent month of total industry volume (TIV) in July 2024, with 71,700 units sold.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRS2271
SELANGOR
BSU1401
JOHOR
JF384J
PULAU PINANG
PSF9490
PERAK
APL8039
PAHANG
CFH8716
KEDAH
KGJ3035
NEGERI SEMBILAN
NEM1410
KOTA KINABALU
SJU3520
KUCHING
QAB6589P
Last updated 30 Sep, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
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