Malaysia Autos Report

Published 18 May 2015

  • 78 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Malaysia Autos Report

Sales

New vehicle sales in Malaysia rose 14.2% year-on-year (y-o-y) to 67,314 units in March, compared with 58,919 units a year earlier, according to data released by the Malaysian Automotive Association (MAA). Sales of passenger vehicles during the month increased 13.8% to 59,318 units, while commercial vehicle sales rose 17.6% to 7,996 units. The association attributed growth to strong promotional activity in March, as dealers cleared stocks before the implementation of the goods and service tax. Overall sales in Q115 stood at 168,306 units, representing an increase of 5.2% from the same period in 2014.

Honda has overtaken Toyota to become the bestselling non-national automotive marquee in Malaysia, based on sales data in the first quarter of 2015. Honda sales jumped 41.7% y-o-y to 22,145 units in the first three months of this year - driven by the jump in sales of its sport utility vehicles (SUVs).

We expect Malaysian auto sales to experience modest growth in 2015 as a subdued economic growth outlook weighs on private consumption. After growing by 1.6% in 2014 to 666,465 units, we forecast vehicle sales to rise by 1.9% in 2015 to 678,930 units.

Our Country Risk team expects economic headwinds to come to the fore in 2015 and forecasts real GDP to be 4.2%, which will be a notable slowdown from the estimated 5.8% GDP growth in 2014. The implementation of a 6.0% goods and services tax in April 2015, combined with the reduction of fuel subsidies will constrain domestic consumption as the prices of goods and fuel increase. Consequently, our CR team expects private consumption growth to slow to 3.0% in 2015 from 3.9% in 2014. Against this backdrop, we are forecasting passenger car sales to rise by a smaller clip of 1.8% in 2015 versus 2.0% in 2014.

While auto sales will struggle to gain traction in 2015 due to flagging economic growth, we believe a certain degree of market saturation is also responsible for anaemic growth over the past few years. Despite GDP growth...

BMI Industry View
7
SWOT
9
Political
10
Economic
12
Operational Risk
14
Industry Forecast
16
Table: Autos Total Market - Historical Data And Forecasts (Malaysia 2013-2019)
16
Production
16
Sales
18
Industry Trend Analysis - Challenges Cloud Indonesian National Car Project
21
Passenger Cars
24
Table: Passenger Car Market - Historical Data And Forecasts (Malaysia 2013-2019)
24
Table: Malaysia - Vehicle Sales By Brand (Both Passenger Cars And Commercial Vehicles)
26
Commercial Vehicles
33
Table: Commercial Vehicle Market - Historical Data And Forecasts (Malaysia 2013-2019)
33
Macroeconomic Forecasts
35
Low Oil Prices No Hammer Blow To Overall Economy
35
Table: Economic Activity (Malaysia 2010-2019)
40
Industry Risk Reward Ratings
41
Asia - Risk/Reward Index
41
Table: Asia Pacific Autos Risk/Reward Index
43
Company Profile
44
Industry Trend Analysis
44
1
45
2
45
3
45
4
46
5
46
Proton
48
Perodua
51
Toyota
53
Honda
55
Regional Overview
56
Industry News
56
Table: Asia Production Investment September 2014 - January 2015
57
Global Industry Overview
65
Table: Passenger Car Sales March (CBUs)
65
US Slowdown A Temporary Glitch-
65
Europe Recovery Will Be Steady
67
Asia Carries The BRIC States
68
Demographic Forecast
70
Table: Population Headline Indicators (Malaysia 1990-2025)
71
Table: Key Population Ratios (Malaysia 1990-2025)
71
Table: Urban/Rural Population & Life Expectancy (Malaysia 1990-2025)
72
Table: Population By Age Group (Malaysia 1990-2025)
72
Table: Population By Age Group % (Malaysia 1990-2025)
73
Methodology
75
Industry Forecasts
75
Sector-Specific Methodology
76
Sources
76
Risk/Reward Index Methodology
77
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators
78

The Malaysia Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Malaysia Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Malaysia.

Key Benefits

  • Benchmark BMI's independent automotives industry forecasts on Malaysia to test other views - a key input for successful budgetary and planning in the Malaysian automotives market.
  • Target business opportunities and risks in the Malaysian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Malaysia.
  • Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:

Sales and production of motorcycles in units; total production of units; production by vehicle type (including cars, commercial vehicles, trucks and buses); total vehicle fleet size in units; sales by vehicle type, including passenger cars and commercial vehicles; fleet size by vehicle type, including passenger car, commercial vehicles and motorcycles; total vehicle trade balance in units; vehicle trade balance by vehicle type, including passenger car, commercial vehicle and motorcycle; car ownership measured as car density per 1,000 people.

BMI’s Autos Risk Reward Index

BMI’s Risk Reward Index provides investors (manufacturers, suppliers and dealers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points. These provide indices of highest to lowest appeal to investors, with each indices explained.

BMI Economic Forecasts

BMI forecasts to end-2019 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company  developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country  investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Sources

The Autos reports draw on an extensive network of primary sources, such as manufacturing associations, statistical bureaus, government transport ministries, national chambers of commerce and industry, national statistical offices, government ministries and central banks and multinational companies.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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