Malaysia’s Automobile Sales by Segment in 2022

The Malaysian automobile market in 2022 hit a record high of 720,688 units up 41.6% year-on-year. The top six brands (Perodua, Proton, Toyota, Honda, Mitsubishi, Isuzu), which accounted for 88.0% of the market sold 634,260 units. Following poor sales results in 2020 and 2021 due to the pandemic and insufficient parts supply, all segments saw an increase of 30% or more in 2022 driven by the government’s car sales tax exemption scheme, economic recovery and the easing of parts shortage.