January 24, 2020, Kuala Lumpur – National Carmakers contributed more than 50 percent of the country’s vehicle sales last year.
The Total Industry Volume (TIV) for 2019 stood at 604,287 units, increased by 5,689 units compared to 2018 numbers of 598,698 units. Both the national carmakers sold a total of 340,524 units, which translated to 53.65 percent.
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) recorded 240,341 units, while Proton Holdings Bhd (Proton) registered 100,183 units.
The last time both national carmakers dominated more than half of the TIV was in 2013, where the both companies sold a total of 334,824 units, or 51.06 percent, while the total sales and production figures for 2013 was at 655,793 units.
Perodua registered an annual sales of 240,341 units, raised by 5.8 percent compared to 227,243 units in 2018.
Proton on the otherhand saw its sales surged by 32 percent to 100,183 units from 35,439 units a year ago. It is mainly backed by the X70 and the facelifted Exora, Iriz, Persona and Saga models.
At third position is the non-national leader Honda. The Japanese carmaker recorded 85,418 units sold last year, dropped by 16.5 percent or 16,864 units compared to 2018.
Meanwhile, research house Frost & Sullivan forecasted that Malaysia’s vehicle sales to reach approximately 608,790 units in 2020, increase by 1 percent, driving consumer confidence throughout the year.