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Automotive Report Malaysia

  • ID: 2138411
  • December 2015
  • Region: Malaysia
  • 13 Pages
  • The Economist Intelligence Unit
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Malaysia has one of the most well-developed automotive industries in the Association of South-East Asian Nations (ASEAN) and will remain an important regional market for motor vehicles and parts in 2016-20.

Vehicle sales growth slowed in the second half of 2014 after Bank Negara Malaysia (BNM, the central bank) lifted its main policy interest rate. Sales then surged in March 2015 as buyers pulled forward purchases ahead of the introduction of a 6% goods and services tax (GST) in April. That buying surge was followed by a sales slump in April, and month-on-month vehicle sales did not return to growth until August.

Overall vehicle sales amounted to 55,745 units in October 2015, up by 2.9% year on year, according to the Malaysian Automotive Association (MAA). However, sales in January-October were still down by 1% year on year, reflecting the negative effect of the new tax. After easing in 2015, The Economist Intelligence Unit expects vehicle sales to expand in 2016-20, as the effect of rising interest rates from 2017 onwards is more than offset by firming economic growth and increasing incomes.

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

Automotive report: Overview

Automotive report: Passenger cars

Automotive report: Commercial and other vehicles

Automotive report: Production

Automotive report: Fuel sources

Note: Product cover images may vary from those shown
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Nokia
Intel
Apple
Microsoft
Google
Research in Motion

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