KUALA LUMPUR: The Malaysian Automotive Association (MAA) has revised its motor vehicle sales forecast for 2024 to 765,000 units from its previous esti...
Mohd Shamsor speaking at a press conference on Kuala Lumpur International Mobility Show today.– BernamapicThe Malaysian Automotive Association has revised its motor vehicle sales forecast for 2024 to 765,000 units from its previous estimate of 740,000.
“Factors contributing to the higher TIV include the resilient domestic economy. Malaysia’s gross domestic product is well placed to expand within the official forecast range of 4 tp 5%. He said the healthy backlog orders, especially in the A segment passenger cars market coupled with strong new players with more new model launches, remain key to the revised forecast.
Mohd Shamsor noted that TIV for the first half of 2024 rose 6.6% to 390,296 units from 366,176 in the same period in 2023, with passenger cars contributing mostly to the biggest volume increase.
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