Hong Leong Investment Bank (HLIB) projects Malaysia’s total industry volume (TIV) for the automotive sector to normalize to 750,000 units in 2025, down from a record 816,700 in 2024. The forecast is based on declining order backlogs and softer new bookings, though new model launches and aggressive marketing could provide some upside.
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Car Sales May Drop in 2025, But New Models Could Cushion the Fall
The Malaysian Automotive Association (MAA) estimates a slightly higher 2025 TIV of 780,000 units, while MIDF Amanah maintains a forecast of 792,000 units. April 2025 sales dropped 16.8% month-on-month to 60,527 units, due to Raya holidays. However, May sales are expected to rebound with festive demand and more working days.
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