Beforehand it foresaw 755,000 items; now CIMB Securities has revised its 2025 whole trade quantity (TIV) forecast barely upwards to 760,000 items, Bernama reviews. For the document, RHB Funding Financial institution predicts 730,000, Maybank Funding Financial institution Analysis 750,000, the Malaysian Automotive Affiliation 780,000 and Kenanga Funding Financial institution 805,000.
Seemingly no point out was fabricated from the postponement of OMV/402, which may make locally-assembled (CKD) automobiles price 10-30% extra, to January 2026, however CIMB Securities stated in at this time’s analysis be aware that its newest forecast is based totally on potential headwinds just like the anticipated mid-year begin of focused RON 95 petrol subsidies.
“Nevertheless, we anticipate resilient demand inside the sub-RM100,000 phase, which stays dominated by nationwide manufacturers and choose entry-level fashions from Japanese marques,” it stated, including that stated phase made up a minimum of 75% of TIV in 2024, with nationwide manufacturers taking up 80% of the phase, and Japanese and Chinese language makes taking the remaining, based mostly on its estimations.
“We count on this demand to stay sturdy in 2025, supported by first-time automotive consumers, the December 2024 civil servants’ wage hike, and an accommodative rate of interest atmosphere maintained by Financial institution Negara Malaysia,” it stated, including that it additionally forecasts a comparatively steady in a single day coverage fee (OPR) in 2025, which might be part of forces with the federal government’s plans to retain gas subsidies for 85% of RON 95 customers to keep up affordability within the mass-market phase.
“Consequently, we count on nationwide manufacturers to keep up their dominance, capturing a projected 64.5% market share, in contrast with 35.5% for non-national manufacturers in 2025,” it stated, additionally mentioning a subdued development outlook amidst heightening competitors from Chinese language manufacturers.
Key catalysts are the strengthening of the ringgit in opposition to the US greenback and Japanese yen, a discount in rates of interest and beneficial authorities insurance policies aimed toward reviving home demand, CIMB Securities stated, including that Sime Darby stays a prime sector choose owing to its earnings-accretive acquisition of UMW Holdings, rising publicity to Australia’s mining sector, and potential monetisation of non-core and land financial institution property.
Seeking to promote your automotive? Promote it with Carro.
