Malaysia Car Market in 2015 hit new all time record, only 209 units more than in the previous year, thanks to the recovery scored in the fourth quarter, Mercedes shine with over 50% improvement.
An internal memo made public on 20 January announced that the state-run oil and gas company, Petronas, would cut USD 11.4 billion from its capital and operating expenditure budgets. The challenges the firm is facing have become more pronounced as recent developments in the global energy markets have lead many industry experts to revise their outlook in favor of a slower recovery in energy prices.
Dividends from Petronas represented the government’s largest source of non-tax revenue in 2015 and, although these dividends are expected to contract 38.5% this year, they will likely continue to be the most significant source of non-tax revenue. Such developments are indicative of a shift in Malaysia’s trade dynamics as the contribution of hydrocarbons and palm oil to the country’s export profile is diminishing in favor of a larger role for burgeoning manufactured exports.
Thanks to a positive Q4 with sales up 2% from the correspondent period last year, the Malaysia vehicles market ended the 2016 in positive, beating the record achieved in the previous year albeit a weak first half performance.
Indeed according to data released by the M.A.A., the Malaysian Automotive Association, the total vehicles sales in the 2015 had been down 666.674, up 0.1% or 209 units. This sales level represents the new all time record but has not been celebrated by the industry which had expected an almost better performance and that is now forecasting a difficult 2016.
Actually Malaysia ranks as the World’s 21st market, the third in the South East Asia.
The market leader Perodua performed the new record selling 213.303 vehicles (+9.1%) with 32.0% of market share.
In second place the other domestic producer, Proton with 102.175 sales, down 11.8%, followed by Honda, protagonist of an excellent year with 94.902 sales (+22.5%) and Toyota with 93.760 units (-8.1%).
These top 4 brands held the 77% of market share.
Behind, Nissan as 5th with 47.235 units (+2.0%) ahead of Mazda with 14.235 (+25.9%), Isuzu with 12.635 (+2.3%), Ford with 12.130 (-13.0%) and Mitsubishi with 11.076 (-22.7%).
A really astonishing performance was scored by Mercedes, advanced 4 spots in 10th place with 11.034 sales (+54.7%)
As far as the ranking by group, in the year to date Perodua was obviously the leader with 32.0% of market share ahead of Proton with 15.3%, Toyota with 15.3% and Honda with 14.3%.
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Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
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