Malaysian Total Car Sales in 2015 Grew 0.03%, Reaching a New Peak

Malaysian Automotive Association (MAA) has recently released statistics of Malaysia’s total car sales in 2015 reaching 666,674 units, slightly up 0.03% from 2014’s 591,298 units (note: 591,298 units were sedans, down 0.5% from 2014’s 588,341 units; 75,376 units were commercial cars, down 3.5% from 2014’s 78,124 units).

The 2n largest car manufacturer in Malaysia, Perodua Kancil, has been the champion in Malaysia’s car sales for 10 straight years. In 2015, its sales were 213,307 units, up 9.06% from 2014’s 195,579 units. Its market share was increased from 29.9% to 32%; sales of the 1st largest car manufacturer Proton in Malaysia were 102,175 units, down 11.75% from 2014’s 115,783 units. Its market share dropped to 15.3% from 17.4%; Japanese Honda’s car sales in Malaysia were 94,902 units and the market share was 14.2% (making it the champion among non-Malaysian car manufacturers); Toyota’s sales were 93,760 units and the market share was 14.06%; Nissian’s car sales were 47,235 units and the market share was 7.09%.

MAA Chairman pointed out that due to the stability of the economy and job opportunities, positive customers’ confidence, new car models with promotion resulting in busy market sales, Malaysian total car sales in 2015 grew 0.035% to reach the highest record.

MAA also forecast that Malaysian total car sales in 2016 might drop by 2.5% to 650 thousand units (note: 575,250 units will be sedan and the rest of 74,750 units will be commercial cars) due to global economic slowdown, declining oil price, slowdown of China’s economic growth, Malaysia’s expected economic growth this year being only 4-5%, continuous depreciation of ringgits against US dollars, and low confidence in business activities and consumption.