Malaysia’s 2024 Automobile Sales by Segment

In 2024, the Malaysian automobile market increased by 2.1% from the previous year to 816,747 units, setting a record high for the third consecutive year. Steady economic growth is behind the continued market expansion. This report covers sales volume in each vehicle segment, focusing on the top eight brands only (Perodua, Proton, Toyota, Honda, Chery, Mitsubishi, Mazda, and Isuzu) which accounted for 90.7% of all sales in 2024. Looking at the market composition of the top three body types, passenger cars led the way at 61.8%, an increase of 3.8 points, followed by SUVs at 22.8%, a decrease of 2.3 points, and MPVs at 8.6%, a drop of 0.3 points.