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Automotive Report Malaysia

  • ID: 2138411
  • Report
  • December 2016
  • Region: Malaysia
  • 13 Pages
  • The Economist Intelligence Unit
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Malaysia is Asia's eighth-largest producer of motor vehicles. In 2015 the country manufactured around 560,000 passenger cars and more than 55,000 commercial vehicles. Vehicle production rose by 3.3%. However, in the first half of 2016 Malaysia's output of vehicles dropped by 19.7% year on year.

The government encourages self-sufficiency in the automotive industry so that domestic sales and output are closely matched. Government policies have a particular focus on energy-efficient vehicles. While a softer domestic currency is making imports more expensive at present, in 2017-21 domestic producers will face increasingly stiff competition from imports, notably from other members of the Association of South-East Asian Nations (ASEAN), as tariffs and non-tariff barriers in the trade bloc come down.

Vehicle sales surged in March 2015 as buyers pulled forward purchases ahead of the introduction of a 6% goods and services tax (GST) in April. This was followed by a sales slump. Overall, sales in 2015 ended up flat, although car sales set an all-time record. Vehicle sales remained weak in 2016, down by 14% year on year in the first ten months. We expect some improvement in the final two months, but sales of passenger cars will still slip by 11.2% and those of commercial vehicles (CVs) will fall by 12.6%

Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
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Automotive Report Malaysia

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources
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Intel
Apple
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Research in Motion
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