Malaysia’s Automobile Sales by Segment in 2023

The Malaysian automobile market in 2022 hit a record high of nearly 800,000 units up 11.0% year-on-year. The market expansion was driven by low interest rates and strong economic performance throughout the year. The top seven brands (Perodua, Proton, Toyota, Honda, Mitsubishi, Mazda, Isuzu), which accounted for 90.7% of the market sold 725,284 units.