KUALA LUMPUR: Malaysia's new vehicle sales or total industry volume (TIV) rose 6.6 per cent or 24,120 units to 390,269 in the first six months of 2024 from 366,176 units registered in the corresponding period of 2023.
Of this, passenger vehicles (PV) accounted for 356,859 units and commercial vehicles (CV) 33,437 units, according to the latest data by the Malaysian Automotive Association (MAA).
"This increase in TIV can be attributed mainly to the strong showing by the Passenger cars sub- segment which contributed the biggest volume increase," it said.
On a year-on-year (YoY) basis, except for March and June, the monthly total vehicle sales were consistently higher in the first half of 2024 (1H2024) compared to similar corresponding month in 1H2023.
As a result of the strong showing by Perusahaan Otomobil Kedua Sdn Bhd, MAA said the combined market share of the two national makes rose to 62 per cent or 241,937 units in 1H2024 compared with 60.3 per cent (220,702 units) in 12023.
The non-national makes registered a higher sales volume of 148,360 units or a two per cent growth compared with 145,474 units for 1H2023.