MIDF Research expects the May TIV to improve month-on-month.
PETALING JAYA: The automotive sector is expected to grow moderately this year, with analysts having mixed views on the outlook for the total industry volume (TIV), as the market adjusts from a record-breaking year in 2024.
In a report on the sector, Hong Leong Investment Bank (HLIB) Research said it estimates 2025’s TIV to moderate to 750,000 units, representing an 8.2% year-on-year decline from the 816,700 units recorded in 2024. This is slightly below the Malaysian Automotive Association’s target of 780,000 units.
