RHB Research expects TIV to soften to 730,000 units in 2025.
PETALING JAYA: Malaysia’s new vehicle sales, commonly known as total industry volume (TIV), are expected to soften in 2025 after hitting another record high last year, with the growth of electric vehicle (EV) sales unlikely to significantly move the needle.
In 2024, the TIV reached a record high of 816,747 units, surpassing the previous record of 799,821 units achieved in 2023, driven by strong production volumes and robust demand.
