The Malaysian Automotive Association (MAA) today published its latest forecasted total industry volume (TIV) figures for 2023, which has now risen to 652,500 passenger cars and 72,500 commercial vehicles, for a total of 725,000 units this year. The new figure represents a significant increase of 11.5% over its original forecast of 650,000 total vehicles, which it published in January this year, and also represents a slight jump of 4,342 units over last year's actual TIV. In a press conference today, MAA said that the revised forecast was made on the basis of a stabilised economic outlook for the nation, improved automotive supply chain, as well as healthy sales figures for many new models – particularly 'very affordable models' by national makes, among other factors.

https://autobuzz.my/2023/07/20/maa-raises-tiv-forecast-for-malaysia-to-725000-units-in-2023-652500-passengers-cars/

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