Malaysian market for CVs declines by 31% in Q1 2025
By Will Pulson - 3rd July 2025
Malaysia - The Malaysian market for commercial vehicles over 2 tons gvw plunged by almost 31% to 11,981 units in the first quarter of 2025 from an already weak 17,189 units a year earlier, based on registration data compiled by the Malaysian Automotive Association (MAA).
Economic growth in the country continued to slow in the first quarter of 2025, to 4.4% year-on-year from a downwardly revised 4.9% growth in the fourth quarter of 2024, reflecting slowing export growth and slightly weaker domestic consumption growth. Private consumption growth slowed to 5.0% from 5.3% and fixed investments grew by 9.7% compared with 11.8%, while government spending growth accelerated slightly to 4.3% from 4.0%.
