Low percentage: People riding the LRT in Kuala Lumpur. Owning a car in Malaysia has become a necessity due to the poor public transport system.
First, the good news. Malaysia’s automotive industry saw total industry volume (TIV) surge to an all-time high of 799,731 units in 2023, up 10.9% year-on-year (y-o-y) from 721,177 units in 2022.
According to the Malaysian Automotive Association (MAA), the increase in sales was mainly driven by the passenger-cars sub-segment, which grew 12% y-o-y to 719,160 units, making up almost 90% of total TIV.
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