The Malaysian Market from January - June 2019: Facts, figures and charts

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The Malaysian Market from January – June 2019: Facts, figures and charts

♦ The Total Industry Volume (TIV) of new vehicles in the Malaysian market registered was 296,334 units, 2.3% or 6,735 units more than January – June 2018.

*All charts provided by the Malaysian Automotive Association (MAA)*

♦ The 2019 TIV was made up of 270,875 passenger vehicles (excluding pick-ups) and 25,459 commercial vehicles (including pick-ups). The volume of commercial vehicles in 2019 was 11.2% (3,217 units) lower than for the same period in 2018. All segments of the commercial vehicle category showed declines which has been attributed to economic uncertainties. As a result, businesses have deferred or scaled down their vehicle purchases or replacements.

♦ New vehicle registrations in May 2019 totalled 60,780 units, the highest monthly TIV of the year. Compared to the same month in 2018, it was 41.4% higher.

♦ The lowest TIV this year was reported in February with 39,838 units registered. This was not unusual for the short month and 1.8% lower than what was reported in the same month in 2018.

SALES BY SEGMENTS
♦ By segments, passenger cars accounted for 67% of the TIV with 4WDs/SUVs taking the second largest volume at 24.4% and MPVs falling to 8%. While the volume of passenger cars was lower by 4.8% compared to the same period in 2018, the volume of MPVs was significantly reduced in 2019 by 32.6% as more people chose 4WDs/SUVs.

*A flood of new SUV models, especially smaller ones, has seen this segment overtaking MPVs.*

♦ Pick-ups continued to make up the largest proportion of sales in the commercial vehicle segment with 16,565 units registered in the first 6 months of 2019. However, this volume was lower than that in 2018 by 14.7%, likely to be reflective of the draw of SUVs for people wanting dual-purpose vehicles.

PRODUCTION
♦ From the 29 vehicle-producing factories around the country, the total output in the first 6 months of 2019 was 285,028 vehicles. This number comprised 266,765 passenger vehicles (excluding pick-ups) and 18,263 commercial vehicles (including pick-ups). The total volume was 1.5% higher than for the same period in 2018 but only passenger vehicles registered an increase (2.1%).

♦ The MAA does not track exports of vehicles from Malaysian plants though the number is not exceptionally large. However, it is known that the Mazda CX-5 is exported in the biggest volume. It is assembled at a dedicated facility within the Inokom manufacturing complex in Kulim, Kedah, which Mazda and its local business partner, Bermaz Motor, spent around RM187 million to set up.

*Mazda has been exporting the CX-5 model assembled in Malaysia since 2013.*

FORECAST
♦ Although Malaysia’s economy expected to grow between 4.3% to 4.8% during 2019, the MAA believes that consumers and businesses will remain cautious in spending as economic uncertainties are likely to continue through the second half of the year. Therefore, the TIV that was forecast as 600,000 units at the beginning of 2019 will be maintained. As it is, the cumulative TIV for the first half of the year has reached almost half that number.