Motor vehicle sales hit record in 2010
KUALA LUMPUR, Jan 19 — Registration of new motor vehicles in Malaysia grew 12.7 per cent to hit a new record of 605,156 units last year, surpassing the previous high of 552,316 units in 2005 said the Malaysian Automotive Association (MAA) today.
Sales of passenger vehicles grew 11.8 per cent to 543,594 while commercial vehicles grew 21.8 per cent to 61,562 units.
Growth for 2011 however is expected to slow due to moderating economic growth to just 2.1 per cent overall while passenger car sales are expected to grow 2.1 per cent.
Perodua was the best selling brand with 31.2 per cent of market share followed by Proton with 26 per cent.
Toyota came in third place by grabbing 15.1 per cent market share.
Honda and Nissan rounded out the top five selling car makers with 7.4 and 5.7 per cent market share respectively.
Local production of passenger vehicles meanwhile grew 16.9 per cent to 522,568 units.
Perodua produced the most vehicles locally with 197,479 units followed by Proton with about 170,000 units and Toyota with 61,741.
Malaysia has been the largest passenger vehicle market in Asean for years but MAA statistics show that Indonesia is now breathing down its neck with 541,475 units sold in 2010 vs 543,594 in Malaysia.