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

📆 5/16/2024 11:28 PM
📰 malaymail

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Malaysian Automotive Association News

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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