Malaysia June 2018: No more GST boosts market up 28.3%

Toyota sales surge 117% year-on-year to 17.8% share in June. 

* See the Top 45 All-brands by clicking on the title *

The removal of the 6% Goods and Services Tax (GST) from June 1 onwards has boosted the Malaysian market up 28.3% year-on-year in June to 64.502 units, the first time sales climb above the 60.000 mark since December 2016 (64.822). Yet a slow start of the year means the YTD volume is up just 1.8% to 289.714 registrations. Passenger cars gain 2.1% to 261.043 units whereas commercial vehicles including pickups edge up 0.1% to 28.671. Logically, the brands that did well in May as they voluntarily cut their prices by the equivalent of the GST to keep sales going fall rather flat this month, and vice-versa the brands that waited out the GST drop are doing much better. This way, market leader Perodua sees its share tumbled down more than 20 points from 51.1% in May to just 30.4% but remains solidly in the lead. Reversely, Toyota climbs from a paltry 4.7% last month to 17.8% in May, up 115% year-on-uear. Mitsubishi (+90%), Mazda (+89%), Volkswagen (+84%), BMW (+49%), Mercedes (+45%) and Honda (+30%) also brilliantly beat the market in the Top 10 whereas Proton actually loses ground at -15%. Further down, Renault (+373%), Chana (+300%), Lexus (+256%), Land Rover (+188%), CAMC (+163%), Volvo (+106%), Jaguar (+100%) and Subaru (+89%) impress.

Previous month: Malaysia May 2018: Perodua breaks symbolic 50% share barrier in slow market

One year ago: Malaysia June 2017: BMW and Volkswagen impress in market down 12%

Full June 2018 Top 45 All-brands ranking below.