2022: A Record-Breaking Year for Malaysia's Automotive Industry

2022: A Record-Breaking Year for Malaysia's Automotive Industry
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The automobile industry has recovered after two difficult years, and there is a lot of hope that it will do well this year as well.

Sales for Perusahaan Otomobil Kedua Sdn Bhd (Perodua) increased by 48.2% to 282,019 units in 2018 from 190,291 units in 2021. Compared to 2021, production increased by 49.5 percent to 289,054 units.

Proton Holdings Bhd maintained its position as the No. 2 car brand despite a challenging start, according to estimates of its market share of 19.6%. Its greatest year since 2013, the national automaker finished 2022 with a 23.3 percent increase in sales to 141,432 units.

In Malaysia, the X50 was the most popular sport utility vehicle, selling 40,681 units, a 41.4 percent increase over 2021's performance. Sales of the X70 reached 18,533 units, up 13.1% from the previous year.

With 4,275 units sold, or a 5.9 percent rise year over year, the Exora maintained its supremacy in the multipurpose vehicle (MPV) market. A total of 55,878 units of The Saga were sold, a 31.1 percent increase over the prior year.

UMW Toyota Motor finished the year with a total of 101,035 vehicles sold, including 100,042 Toyota vehicles and 993 Lexus models, making it the leading non-national brand. Compared to the 72,394 units completed in 2021, this is a staggering 40 percent growth.

The majority of its models experienced successful sales, with the Corolla Cross reaching 17,208 units, the Hilux reaching 27,198, the Hiace reaching 390, and the Fortuner reaching 3,432.

Honda Malaysia reported overall sales of 80,200 units last year, a 51% increase from 2021 performance.

The well-known B-segment City, which accounted for 36% of total sales and was followed by the City Hatchback and HR-V at 20% and 14% of the total, greatly contributed to this performance.

Last year, Mitsubishi Motors Malaysia saw a 37.3 percent increase in overall sales, reaching a record-high 24,017 vehicles. With a 3.3 percent market share, Mitsubishi Motors Malaysia was ranked third among foreign automakers.

Sales of its compact MPV, the Xpander, increased by 93.5 percent year over year to 14,316 units, accounting for 59.6 percent of the total.

Sales of its Triton pickup truck increased annually by 4.6 percent to 9,697 units, accounting for 40.4 percent of total sales.

Last year, BMW Group Malaysia added 17 model variants to its lineup, three of which were brand-new BMW I vehicles that were unveiled at NEXTGen Malaysia.

With more over 14,400 units, including BMW, MINI, and BMW Motorrad units, delivered last year—a 34 percent increase over the results of 2021—the brand was the market leader in the local premium class. The automaker claimed that 31% of all BMW and MINI deliveries in 2017 were electrified cars (EV).

With more over 2,300 units delivered, the 3 Series was in first place, with the 320i Sport being the major contribution. The Countryman accounted for more than 800 cars delivered for the MINI brand, or 65 percent of the total.

700 bikes were registered by BMW Motorrad, with 340 of those belonging to the Adventure type. 2,500 of the 11,200 BMW and MINI automobiles produced at the BMW Assembly Plant in Kulim, Kedah, and delivered last year were electric vehicles.

After finishing the year with record sales of 3,194 units, or a 43 percent increase year over year, Volvo Car Malaysia has continued its rapid expansion. Its locally assembled XC40 Recharge Pure Electric and C40 Recharge Pure Electric were primarily responsible for this.


Source: New Straits Times 

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