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Demand for CVs in Malaysia slows in Q1 of 2024

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By Will Pulson - 10th July 2024

Malaysia - The Malaysian commercial vehicle market over 2 tons gvw declined by 16% to 17,189 units in the first quarter of 2024 from strong year-earlier sales of 20,484 units, based on registration data compiled by the Malaysian Automotive Association (MAA).

The commercial vehicle market lost significant momentum in the first quarter despite a pickup in economic activity in the country, with GDP growth accelerating to 4.2% year-on-year compared with 3.0% in the fourth quarter of 2023 – reflecting a moderate improvement in domestic consumption and a sharp rebound in exports.

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