Malaysia Automotive Association releases July TIV figures
MAA just release figures for july TIV and it looks good, PV MOM sales are up 11% and YOY up 10%, in fact they even raised their 2024 TIV (total industrial volume) to 765,000, 2023 figure was 799,731, at this rate, will 2024 figures exceed 2023 figures?
Market share figure wasnt shared, but expect proton and perodua to benefit the most as they are market leaders, hence $MBMR (5983.BMS)$ $DRBHCOM (1619.BMS)$ $SIME (4197.BMS)$ , while their OEM manufacturers like $MCEHLDG (7004.BMS)$ $BETA (0263.BMS)$ will also benefit
As for non local brands $BAUTO (5248.BMS)$ might benefit depending on market share, other counters like $PECCA (5271.BMS)$ $FEYTECH (5322.BMS)$ $APM (5015.BMS)$ $NHFATT (7060.BMS)$ might also benefit depending on the brand they serve
Proton just announced facelifted X70, with the civil servants pay raise, these are good tailwinds for automotive sector, 2023 figures was record high due to SST increase in 2024
![Malaysia Automotive Association releases July TIV figures](https://sgsnsimg.moomoo.com/sns_client_feed/102847005/20240816/e56a939dff43101f815baac4fec357a5.jpg/big?area=104&is_public=true)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment