Malaysia’s Automobile Sales Results in 2022

Malaysia’s automobile sales reached 720,658 units in 2022, up 41.6% year-on-year. In addition to the market rebound following two years decline in 2020 and 2021 triggered by the corona pandemic, sales were boosted by automobile sales tax exemption measures that ended at the end of June 2022, the booming economy and the easing of parts shortages in the second half of the year. As a result, sales exceeded 700,000 units for the first time.

The sales of BEVs in 2022 reached 2,631 units, rising nearly 10-fold compared to the 274 units of the previous year. Passenger vehicle sales went up 41.8% to 641,773 units, while commercial vehicle sales rose 39.9% to 78,885 units.