MAA projects Malaysia’s 2024 vehicle sales to hit 800,000 units

MAA projects Malaysia’s 2024 vehicle sales to hit 800,000 units

President Shamsor Zain says the positive outlook is driven by ongoing promotions from car manufacturers.

car showroom
MAA said the 2025 motor vehicle sales volume will be discussed with members, with an official announcement in January. (File pic)
PETALING JAYA:
The Malaysian Automotive Association (MAA) has projected Malaysia’s 2024 total industry volume (TIV) for motor vehicle sales at 800,000 units, an increase of 35,000 units or 4.57% from the previous estimate of 765,000 units.

MAA president Shamsor Zain said the positive outlook for the coming months is driven by ongoing promotions from car manufacturers.

“Achieving the initial 765,000 target should not be an issue. In fact, I anticipate a figure slightly higher, reaching 800,000 units,” he said.

Shamsor said the initial forecast of 765,000 units was made around May or July when MAA expected a dip in momentum.

“However, we did not fully account for backorders, especially for certain models, primarily from national car manufacturers,” he said at a press conference during the media launch of the Kuala Lumpur International Mobility Show 2024 (KLIMS 2024) today.

Shamsor said the 2025 TIV has not been discussed.

“We have yet to discuss it with our members. As usual, an official announcement will be made in January 2025,” he added.

KLIMS 2024, organised by MAA, is set to showcase key trends shaping the future of the automotive industry.

The 10th edition of the event will take place from Dec 5 to 11, 2024, at the Malaysia International Trade and Exhibition Centre.

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