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Home News Auto News Malaysia TIV 2018 Forecast – 601,000 Units, 2% Growth Vs 2017 Malaysia TIV 2018 Forecast – 601,000 Units, 2% Growth Vs 2017 Auto News Siew Weng | January 10, 2018 08:09 am Frost & Sullivan, a global research and consulting organization, has indicated that 2018 will be a better year for the Malaysian automotive industry.The company forecasts Malaysia’s new vehicle sales in 2018 is expected to reach approximately 601,000 units, which is improvement of 2% against 2017.Frost & Sullivan put an estimate of 589,209 units for 2017, as MAA has yet to released the December 2017 sales data. Mr. Vivek Vaidya, Senior Vice President of Mobility at Frost & Sullivan listed a number of key drivers including strengthening Ringgit, rising consumer confidence and launch of new models.However, high household debt and stringent loan approvals are the major obstacles in pushing the growth rate higher.The strengthening of Ringgit should play a vital role in consumer price stabilization, as cost of parts and assemblies are expected to reduce. Improvements in public transport as well as growth in alternative mobility solutions e.g. ride hailing apps will impact the automotive market in the long term but unlikely to have any significant impact in 2018.With Bank Negara’s continued efforts to improve the quality of loans, low income families and young buyers plus SMEs could have difficulties in securing loans.Mr. Vivek’s team also expects an update or revision to the National Automotive Policy (NAP) which was first implemented in 2014, to have more focus on “Green vehicles” and advanced manufacturing to align with global requirements. Our market report for November 2017 can be found here. ✕ 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 TIV Print Related News 2015 New Car Sales In Malaysia – Which Brands Gained, And Which Lost Auto News Hans | October 21, 2020 2015 was a very tough year for the Malaysian car market. A combination of a weak Ringgit, poor consumer sentiments – which in Q3 2015, dropped to a ... May 2016’s New Vehicle Sales – Little Improvement Seen Auto News Hans | June 23, 2016 For the fifth consecutive month this year, year-to-date new car sales continued to be lower than the same period last year. Total registrations for ... September 2016 New Car Sales: Market Still Sluggish Insights Hans | October 23, 2016 Malaysia’s new vehicle sales for the month of September dropped by 7.9 percent month-on-month, with cumulative sales reaching 418,433 units, still ... 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
Malaysia TIV 2018 Forecast – 601,000 Units, 2% Growth Vs 2017 Auto News Siew Weng | January 10, 2018 08:09 am Frost & Sullivan, a global research and consulting organization, has indicated that 2018 will be a better year for the Malaysian automotive industry.The company forecasts Malaysia’s new vehicle sales in 2018 is expected to reach approximately 601,000 units, which is improvement of 2% against 2017.Frost & Sullivan put an estimate of 589,209 units for 2017, as MAA has yet to released the December 2017 sales data. Mr. Vivek Vaidya, Senior Vice President of Mobility at Frost & Sullivan listed a number of key drivers including strengthening Ringgit, rising consumer confidence and launch of new models.However, high household debt and stringent loan approvals are the major obstacles in pushing the growth rate higher.The strengthening of Ringgit should play a vital role in consumer price stabilization, as cost of parts and assemblies are expected to reduce. Improvements in public transport as well as growth in alternative mobility solutions e.g. ride hailing apps will impact the automotive market in the long term but unlikely to have any significant impact in 2018.With Bank Negara’s continued efforts to improve the quality of loans, low income families and young buyers plus SMEs could have difficulties in securing loans.Mr. Vivek’s team also expects an update or revision to the National Automotive Policy (NAP) which was first implemented in 2014, to have more focus on “Green vehicles” and advanced manufacturing to align with global requirements. Our market report for November 2017 can be found here. ✕ 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 TIV
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.
2015 New Car Sales In Malaysia – Which Brands Gained, And Which Lost Auto News Hans | October 21, 2020 2015 was a very tough year for the Malaysian car market. A combination of a weak Ringgit, poor consumer sentiments – which in Q3 2015, dropped to a ...
May 2016’s New Vehicle Sales – Little Improvement Seen Auto News Hans | June 23, 2016 For the fifth consecutive month this year, year-to-date new car sales continued to be lower than the same period last year. Total registrations for ...
September 2016 New Car Sales: Market Still Sluggish Insights Hans | October 23, 2016 Malaysia’s new vehicle sales for the month of September dropped by 7.9 percent month-on-month, with cumulative sales reaching 418,433 units, still ...
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 ...