MAA: Malaysia's TIV up 10.3% to 366,037 in 1H

PETALING JAYA: Sales of new motor vehicles continued to grow strongly in the first half (1H) of 2023, with total industry volume (TIV) rising by 10.3 per cent to 366,037 units from the 331,746 units recorded in the same period last year, the Malaysian Automotive Association (MAA) said.

Its president Mohd Shamsor Mohd Zain said the new vehicles market has not only returned to pre-pandemic levels but even surpassed that pre-pandemic levels, rebounding strongly last year and again during the first half of 2023.