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Malaysia overtakes Thailand as Asean's second-biggest auto market

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Malaysian Automotive Association Nachrichten

Malaysia Auto Market

BANGKOK, May 17 ― Malaysia has overtaken Thailand to become Southeast Asia's second-largest auto market, after Indonesia, a major shift in a region that has become a key...

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According to the Malaysian Automotive Association, auto sales increased 5 per cent in the first quarter from a year earlier to 202,245 vehicles. This followed an 11 per cent increase in 2023 to a record 799,731 vehicles.Sales tax exemptions for domestically produced vehicles ― part of the government's economic stimulus package ― provided a tailwind for the national car brands Perodua and Proton, which held about 60 per cent of the market share, VNA reported.

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Thailand loses to Malaysia as Asean's second-biggest auto marketThe data in the Central Database Hub (PADU) system is ready for the government to implement the people’s programmes including targeted subsidies at any time, said Economy Minister Rafizi Ramli.
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