Malaysia’s Automobile Market Projection for 2025

Automobile sales in Malaysia from January to October 2024 increased by 2.4% year-on-year to 664,000 units. Economic activity has become more energetic due to increased employment, which has boosted vehicle purchases. The inflation rate was stable in 2024, and domestic consumption was strong. Therefore, the automobile market is expected to increase by 3.8% year-on-year to 830,000 units in 2024, setting a record high for the third consecutive year.