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Auto industry may have another record-breaking year, say analysts

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RHB Research expects total industry volume to hit 725,000 units in 2023.

The launch of Perodua Axia is expected to contribute to strong car deliveries in the second half of 2023.

The research house said its 2023 TIV estimate of 725,000 units parallels the Malaysian Automotive Association’s 2023 forecast. “While stronger electric vehicle adoption may be an upside risk to 2024’s TIV, we do not think this will be significant enough to move the needle,” it said.

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