MAA projects Malaysia's 2024 vehicle sales to increase to 800,000 units

KUALA LUMPUR: The Malaysian Automotive Association (MAA) has projected Malaysia's 2024 total industry volume (TIV) for motor vehicle sales at 800,000 units, an increase of 35,000 units or 4.57 per cent from the previous estimate of 765,000 units.

MAA president Mohd Shamsor Mohd Zain said the positive outlook for the coming months is driven by ongoing promotions from car manufacturers.

"Achieving the initial 765,000 target should not be an issue. In fact, I anticipate a figure slightly higher, reaching 800,000 units. The initial forecast of 765,000 units was made around May or July when we expected a dip in momentum.

"However, we did not fully account for back orders, especially for certain models, primarily from national car manufacturers,” he said at a press conference during the media launch of the Kuala Lumpur International Mobility Show 2024 (KLIMS 2024) yesterday.

Mohd Shamsor said that the 2025 TIV has not been discussed yet.

"We have yet to discuss it with our members. As usual, an official announcement will be made in January 2025.”

The 10th edition of KLIMS 2024 will take place from Dec 5 to 11 at the Malaysia International Trade and Exhibition Centre.