Malaysia Full Year 2023: All time record market for 2nd year in a row, Perodua Bezza best-seller

The Perodua Bezza is the best-selling vehicle in Malaysia in 2023.

Discover close to 40 years on Malaysian Historical Data here.

According to the Malaysian Automotive Association (MAA), new vehicle sales in Malaysia are up 10.9% year-on-year in 2023 to an all-time high 799,731 units, eclipsing the previous record of 721,177 established just last year. Passenger Vehicles gain 12% to 719,160 while Commercial Vehicles are up just 2% to 80,571. Electrified vehicles leap 69% from 22,619 to 38,214 units, holding a 4.8% market share vs. 3.1% in 2022. Among these, there are 10,159 BEV and 28,055 hybrid vehicles. Still based on MAA’s press release, “this great result can be attributed to a number of factors, namely the fulfilment of tax-free cars booking received, a much more stable socio-political environment, resilient domestic economy, many new launches and much improved supply chain”.

Source: MAA

In the brands ranking, Perodua (+17.1%) improves its share from 39.1% to 41.3%, obliterating the competition. Fellow domestic manufacturer Proton (+11%) is stable at 18.9% of the market. The next three carmakers all trail the market, with Toyota (+6.2%) weak at #3 ahead of Honda (-0.3%) and Mitsubishi (-9.6%). Mazda (+30.6%) shines and climbs up one spot on last year to #6, overtaking Isuzu (+7.3%). BMW (stable), Nissan (-27.5%) and Mercedes (-7%) disappoint and round out the Top 10.

As of end September 2023, the Perodua Bezza led the models charts with sales up 41.3% year-on-year to 65,158 sales, toppling the Perodua Axia and Myvi. Note the Myvi was #1 in 2021 and 2022 with 74,840 units. 

Previous post: Malaysia H1 2023: Perodua #1, Proton up 32.4%

Full Year 2023 Top 52 All brands ranking vs. Full Year 2022 figures below.