2024 KIA EV9 launched in Malaysia from RM369k - GT-Line, 2 variants, 505km range, your choice of 6 or 7 seats
Neta L unveiled in China with new Snapdragon Ride Flex Fusion Platform - REEV with over 1,000km range!
Home News Auto News MAA expects 10% lower car sales in 2023, recession fears + higher bank OPR MAA expects 10% lower car sales in 2023, recession fears + higher bank OPR Auto News Adam Aubrey | January 19, 2023 04:37 pm Forecast for the Total Industry Volume in 2023 is expected to be nearly 10% lower than 2022's due to fears of recession and other factors. It was not all good news at the 2022 annual automotive total industry volume (TIV) review, as the outlook for 2023 looks bleak due to the predicted global slowdown of economic growth and buyer hesitation due to the possibility of an increased Overnight Policy Rate (OPR). (Update: Bank Negara has maintained OPR rate since this article was published) According to the Malaysian Automotive Association (MAA), they predict the TIV volume for 2023 to be 9.8% less than 2022's, due to economic and environmental factors despite the Malaysian economy's expected expansion of 4 to 5%. Total Industry Volume 2023 vs 2022 Market Segment 2023 (Forecast) 2022 (Actual) Variance % Passenger vehicles 585,000 641,773 -8.8% Commercial vehicles 65,000 78,885 -17.6% Total vehicles 650,000 720,658 -9.8% The MAA is predicting that a rush of deliveries of many backlog orders exempted from the sales tax may provide impetus to grow sales in Q1 of 2023, but the challenges and supply chain issues such as shortage of semiconducter chips, uncertainties in geo-political tension, possible resurgence of Covid-19 cases worldwide etc. may affect the country's economic growth momentum and in turn sales of vehicles. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags 2023 TIV forecast MAA Print Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler Related News MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ... MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ... Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ... October 2016 New Car Sales – Relying On Discounts To Arrest The Decline Insights Hans | November 21, 2016 Malaysia’s new car market slowed marginally by 0.6 percent in October 2016, selling 312 units less than in September 2016. Cumulative Jan-Oct numbers ... Comments
MAA expects 10% lower car sales in 2023, recession fears + higher bank OPR Auto News Adam Aubrey | January 19, 2023 04:37 pm Forecast for the Total Industry Volume in 2023 is expected to be nearly 10% lower than 2022's due to fears of recession and other factors. It was not all good news at the 2022 annual automotive total industry volume (TIV) review, as the outlook for 2023 looks bleak due to the predicted global slowdown of economic growth and buyer hesitation due to the possibility of an increased Overnight Policy Rate (OPR). (Update: Bank Negara has maintained OPR rate since this article was published) According to the Malaysian Automotive Association (MAA), they predict the TIV volume for 2023 to be 9.8% less than 2022's, due to economic and environmental factors despite the Malaysian economy's expected expansion of 4 to 5%. Total Industry Volume 2023 vs 2022 Market Segment 2023 (Forecast) 2022 (Actual) Variance % Passenger vehicles 585,000 641,773 -8.8% Commercial vehicles 65,000 78,885 -17.6% Total vehicles 650,000 720,658 -9.8% The MAA is predicting that a rush of deliveries of many backlog orders exempted from the sales tax may provide impetus to grow sales in Q1 of 2023, but the challenges and supply chain issues such as shortage of semiconducter chips, uncertainties in geo-political tension, possible resurgence of Covid-19 cases worldwide etc. may affect the country's economic growth momentum and in turn sales of vehicles. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags 2023 TIV forecast MAA
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ...
MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ...
Post-GST Slump - Vehicle Sales Down By Over 30 Percent Auto News Hans | May 22, 2015 As expected, new vehicle sales took a big hit following the pre-GST buying frenzy in February and March. New vehicle sales for the month of April ...
October 2016 New Car Sales – Relying On Discounts To Arrest The Decline Insights Hans | November 21, 2016 Malaysia’s new car market slowed marginally by 0.6 percent in October 2016, selling 312 units less than in September 2016. Cumulative Jan-Oct numbers ...