Sales in Malaysia reached a new high in 2022

New car sales in Malaysia rose further by 17% in December 2022 to 76,657 units from 65,184 units a year earlier, according to registration data released by the Malaysian Automotive Association (MAA).

The vehicle market has recovered this year above pre-pandemic levels and to new highs after two years of decline. Full-year sales rose 42% to 720,658 units from 508,883 units in 2021, on the back of a strong recovery in economic activity and government stimulus measures, including the year-long vehicle sales tax suspension, which was withdrawn at the end of June, but with deliveries of pre- purchased vehicles allowed until March 2023.

Passenger car sales rose 42% to 641,773 units from 452,486 units last year, while commercial vehicle sales rose 40% to 78,885 units from 56,397 units. Sales of battery electric vehicles (BEV) grew 10-fold to 2,631 units from just 274 in 2021, while total vehicle production in the country rose 38% from 508,911 units to 702,275 units.

market leader peroduaSales rose 48% last year to 282,019 units, driven by popular models like the Bezza, Myvi and Axia. The launch of the new 1.5-litre Alza model in July helped boost sales in the second half of the year.

protonGlobal sales rose 23% last year to 141,432 units, including 5,406 exports, with production picking up again in the second half of the year after an earlier halt to operations. The Saga was the company’s best-selling model last year with 55,878 registrations, followed by Geely-based models like the X50 with 40,681 and the X70 with 18,533 units.

UM Toyota reported a 40% increase in sales to 101,035 units last year, helped by strong demand for models like the locally assembled Corolla Cross hybrid and Hilux pickup. The company plans to launch a second hybrid electric vehicle model this year and possibly a new BEV model as well.

The MAA expected the overall vehicle market to decline 10% to 650,000 units in 2023 after a record 2022, reflecting the loss of sales incentives and weaker aggregate demand. The economy is also facing mounting headwinds, including rising interest rates and inflation, and pressure on exports as global economic growth slows.


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