KUALA LUMPUR, July 17 (Xinhua) -- Malaysian automotive sector's total industry volume (TIV) fell 4.6 percent year-on-year to 376,636 units in the first six months of 2025, dragged by the decline in both the pick-ups and passenger cars sub-segments.
The Malaysian Automotive Association (MAA) said in a statement on Wednesday that the pick-ups and passenger cars sub-segments dropped by 18 percent and 7 percent, respectively.
Factors contributing to the lower TIV in the first half of the year include high base effect from the previous year's record, advance purchases in December 2024, and the impact of the withdrawal of the diesel subsidy.
Meanwhile, Malaysia's total production volume in the first half also declined 10.1 percent year-on-year to 352,626 units.
The lower total production volume was in tandem with the decline in demand for new vehicles.
MAA is maintaining the TIV forecast for the full year at 780,000 units, down 4.5 percent year-on-year. The association foresees stronger performance in the second half.
The association sees a resilient domestic economy, lower interest rates, new model launches and aggressive promotional strategies from industry players as key drivers. ■
