RHB IB raises 2024 total industry volume forecast by 18pc on Perodua strength

KUALA LUMPUR, June 24 — RHB Investment Bank Bhd has revised its total industry volume forecast for 2024, increasing it by 18 per cent to 740,000 units from the previous estimate of 625,000 units.

In May, the TIV reached 68,665 units, marking an 8.7 per cent year-over-year increase and an 18.4 per cent month-over-month increase, bringing the total for the first five months of 2024 to 328,901 units, up 8 per cent year-over-year. Year-to-date, Perodua sales have increased by 19.6 per cent year-over-year, raising the national carmaker’s TIV share to 63 per cent, up from 60 per cent in 2023.

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