9,975.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
34.01 USD USD USD
37.97 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.09 TRY Interest Interest
74.61 USD Fossil Oil Fossil Oil
31.05 USD Silver Silver
4.37 USD Copper Copper
92.73 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,840.89 TRY Gold (gr) Gold (gr)

Malaysia's automobile industry shows growth in the first half of the year

In the first half of the year, the Malaysian automobile industry experienced significant growth and increased compared to last year.

Malaysia's automobile industry shows growth in the first half of the year

In the first half of the year, Malaysia's automobile industry experienced notable growth, with production and sales reaching approximately 392,000 and 390,000 units, respectively. This marks an 8% increase in production and a 7% increase in sales compared to the same period last year, according to the Malaysian Automotive Association (MAA).

The MAA has expressed optimism about the market's future, forecasting that domestic vehicle sales will rise to 765,000 units in 2024, up from 740,000 units. Although this represents a 4% decline compared to the nearly 800,000 units sold in 2023, the decline is less serious than previously expected.

Several factors contribute to the relatively stable outlook, including the country's resilient economy, stable interest rates, and a strong backlog of orders. Domestic automakers such as Proton and Perodua have seen particularly strong demand for A-segment passenger cars. 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Malaysia’s billet, bloom and slab exports to Türkiye are increasing

Friday, September 20, 2024

Ministry of Trade issued inward processing permits to 653 companies in July

Sunday, September 22, 2024

Construction Materials Industry Composite Index declined

Sunday, September 22, 2024

Karsan e-JESTs also become Santa Maria's first electric minibus

Sunday, September 22, 2024

TSE ensured that $664 million worth of domestic products were used in Akkuyu NGS

Sunday, September 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now