Automotive sector going full throttle on final lap

Based on total new vehicle sales breakdown by brand data up to October 2021 by the Malaysian Automotive Association and CGS-CIMB Research, Perodua led the list with a 38.4% market share, followed by Proton (22%), Toyota (14.1%), Honda (9.8%), Nissan (2.4%), Mazda (2.1%), Isuzu (1.9%), and BMW (1.2%).

KUALA LUMPUR: The sluggish performance of the automotive sector for the better part of this year due to market uncertainties brought on by the Covid-19 risk and enforcement of the movement control order (MCO) finally revved up to full throttle in the final quarter (Q4) of 2021.

Car factories and original equipment manufacturers (OEMs) ramped up production and deliveries of vehicles to fulfil backlog and new orders as showrooms gradually resume operations after the nationwide lockdown was lifted in August.