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Lower vehicle sales likely next year, say analysts

  • Analysts predict lower vehicle sales in Malaysia next year due to targeted petrol subsidies and open market value (OMV) revisions.
  • National brands, led by Perodua, are expected to retain their dominant market share.
  • Higher adoption of battery electric vehicles (BEVs) is anticipated in 2025, driven by new model launches and rising competition among EV players.
  • Maybank Investment Bank Research forecasts a slightly lower total industry volume (TIV) of 750,000 units in 2025 due to production limitations.

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