Malaysia's Vehicle Sales Will Remain Strong In Coming Months - HLIB
Malaysia's new vehicle sales are expected to remain strong in the coming months due to Perodua's continued high order backlogs and more aggressive sales campaigns, particularly by the various original equipment manufacturers (OEMs).
According to Hong Leong Investment Bank Bhd (HLIB), the ringgit's recent strengthening is encouraging for the industry and could help offset the environment of higher operating costs in the second half of 2024 (2H24). 
"We have also noticed more aggressive new launches by new Chinese OEMs with attractive pricings, which will provide stiff competition to incumbent OEMs," it said in a note.
"We have also noticed more aggressive new launches by new Chinese OEMs with attractive pricings, which will provide stiff competition to incumbent OEMs," it said.
Due to persistently high backlogs and new releases from select OEMs, the Malaysian Automotive Association reported another excellent month of total industry volume (TIV) in July 2024, with 71,700 units sold. 
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRQ4558
SELANGOR
BST7656
JOHOR
JE4089J
PULAU PINANG
PSF6149
PERAK
APL5332
PAHANG
CFH7568
KEDAH
KGJ1493
NEGERI SEMBILAN
NEL8915
KOTA KINABALU
SJU1583
KUCHING
QAB5778P
Last updated 19 Sep, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
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