Year-on-year, the TIV decreased by 27% from 66,923 units recorded in January 2024.
KUALA LUMPUR: The total industry volume (TIV) in January 2025 declined by 40% to 48,875 units compared with 81,735 units in December 2024, according to the Malaysian Automotive Association (MAA).
Year-on-year, the TIV decreased by 27% from 66,923 units recorded in January 2024.
MAA said a total of 56,899 vehicles were produced in January this year, down 26% from January last year.
Passenger vehicles accounted for 53,794 units, while the commercial vehicles were 3,105 units.
On the outlook for February 2025, the association expects the TIV to improve compared with January 2025.
This will be mainly driven by purchases for the coming Hari Raya Aidilfitri celebration and the rush for sales by companies with financial year-end closing on March 31. — Bernama
