Malaysian auto market in 2020 falls by 12.4% as the pandemic and lockdowns affect sales. Full-Year sales have been 529.829, while Mitsubishi (+12.6%) jumps 3 spots and reports the best performance on the leaderboard.
Market Trend
The Malaysian car market has been hit in 2020 by the world-wide COVID-19 pandemic, which has impacted sales significantly.
The market grew uninterruptedly from 2012 to 2015 hitting the all-time record with 666.745 units, before declining in 2016 to 583.219 and again in 2017. In 2018 the market started recovering, registering 598.742 units (+3.8%), pushed by the temporary removal of the 6% Goods and Services Tax (GST) on all car purchases since June. In 2019 the market was stable. Indeed, the full-year ended with 604.893 registrations, improving 10.3% from the previous year.
After starting the year with a negative trend (-12%), the market quickly collapsed in March as the virus struck. The sharpest drop in sales this year was in April when sales declined by 99.7%.
The market recovered quickly in June (+4.9%) before falling again in July (-55.4%), but then maintained a positive trend for the rest of the year, growing in double-digits.
Indeed, Full-Year sales for 2020 have been 529.829, reporting a decline of 12.4% compared to 2019.
Brand-wise, this year the leader Perodua (-8.4%) gained 1.8% market share, followed by Proton (+8%), which gained 3.9% share. Honda lost 2.7% share, falling 29.2%. Toyota remained in 4th place (-15.3%), followed by Nissan which reported the worst performance on the leaderboard by falling 33.3%.
Mazda gained 4.2%, followed by Mitsubishi -up 3 spots- which reported the best performance by gaining 12.6%, and BMW which lost 5% sales. Closing the leaderboard we have Isuzu losing 1.8% and Ford entering the leaderboard and losing 8.3%.
Tables with sales figures
In the tables below we report sales for all Brands and top 10 Groups.
