Malaysia July 2018: No GST boosts market to 2nd largest volume ever
Volvo sales in Malaysia are up 5-fold compared to July 2017.
* See the Top 45 All-brands by clicking on the title *
The Malaysian new vehicle market continues to enjoy the benefits of the scrapping of the 9% GST on June 1 with July deliveries up a whopping 41.1% year-on-year to 68.465 units, the 2nd largest monthly volume in Malaysian history below the 69.401 units hit back in December 2015. The year-to-date tally tilts into positive at +5.2% to 358.179 registrations. For once, brand leader Perodua (+26%) trails its home market at 34.8% share, that’s because it had lowered the price of its vehicles by 9% as early as early May to avoid a drop that month. Honda (+49%) and Toyota (+65%) on the other hand outpace the market on the remainder of the podium, with Mercedes (+112%), Mitsubishi (+100%) and Mazda (+71%) doing so in the Top 10. Further down, Volvo (+406%), Subaru (+264%), Renault (+194%), Kia (+138%), Land Rover (+100%) and Volkswagen (+99%) are among the most dynamic.
Previous month: Malaysia June 2018: No more GST boosts market up 28.3%
One year ago: Malaysia July 2017: Perodua and Proton beat market back up 14%
Full July 2018 Top 45 All-brands ranking below.