According to the Malaysian Automotive Association, 2019 saw 604,287 new vehicles registered in Malaysia, a 1% increase of total industry volume from the year before. The used car market is also a substantial one. As reported by The Malaysian Reserve, the Malaysian used car market on average moves about 400,000 units annually, or about 66% of the new car sales.
Top selling car brands
When looking at data from Carsome Insights 2019, we found that among the top 10 most popular car brands last year, local makes Perodua and Proton took the lion share at 48%. Following close behind are Japanese brands Toyota, Honda, Nissan, Mazda and Mitsubishi that came to a total of 45%. Popular continental cars Volkswagen, Ford and BMW wrapped up the list with a 7% share.
Despite the breakdown, an overall look at the top 5 brands, Perodua, Proton, Toyota, Honda and Nissan came to a whopping 89%, showcasing the popularity of these brands in the market.
Top selling car models
A drill down into car models shows that 50% of the models sold were from Perodua – split between the Myvi, Alza, Viva and Axia. Proton follows closely behind with a 23% share from the Saga, Persona and Exora. The combined total from Japanese brands Toyota Vios, Honda City and Civic come up to 27%. When accounting the ratio between the local makes versus the Japanese, Malaysian cars dominate the list 3 to 1 at 73%.
It is no surprise then that the four most popular local and non-national models by resale value – Perodua Myvi, Proton Saga, Toyota Vios and Honda City as covered in our recent article are correlated with the top selling car models.
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