MAA TIV forecast – slow increase from 2023 to 2027, but still lower than record-high 2022 total sales
in Malaysia, and although there will be gains made from 2023 to 2027, these will be at volumes lower than the just-announced record figure, the association said., and the MAA said that it expects the total industry volume for this year to reach 650,000 units, which is 70,568 units or 9.8% less than the figure in 2022.
Slow and steady gains have been forecast beyond the drop in sales volume for this year, and thus the MAA expects a 1.0% increase in TIV from 2023 to 2024, to 656,500 vehicles, of which will be 590,850 passenger vehicles and 65,650 commercial vehicles . Marginally larger gains have been forecast for the years after next, with growth of 2.0% expected for a 2025 TIV of 669,630 units comprised of 602,630 PVs and 67,000 CVs.
Growth is expected to continue at similar rates for the two years after that, with the 2026 TIV forecast to gain 2.1% to 683,692 units and the 2027 TIV forecast to grow 2.2% to 698,733 units . Therefore, the TIV for each year from 2024 to 2027 has been forecast to stay below the 700,000-unit mark.
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