Malaysia's automotive industry achieved a record total industry volume (TIV) of 816,747 units in 2024, surpassing the 800,000-unit mark for the first time. December 2024 recorded the highest monthly TIV ever, with 81,735 units sold. This performance is attributed to Malaysia's resilient economy, low unemployment rate, and stable socio-political environment.
Mohd Shamsor and MARii CEO Azrul Reza Aziz at the MoU signing ceremony between the association and the institute in Kuala Lumpur today. – BernamapicMalaysia’s automotive industry achieved a record total industry volume of 816,747 units in 2024, surpassing the 800,000-unit mark for the first time.
Malaysian Automotive Association president Mohd Shamsor Mohd Zain attributed this exceptional performance to Malaysia's resilient economy. “Additionally, a stable socio-political environment and a low unemployment rate of 3.1%, the lowest in a decade, further boosted consumer confidence and purchasing power,” he said at a press conference held in conjunction with a memorandum of understanding signing ceremony between MAA and the Malaysia Automotive Robotics and IoT Institute .
AUTO INDUSTRY SALES ECONOMY MALAYSIA GDP
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