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The Total Industry Volume (TIV) for new car sales in Malaysia is expected to rise to 700,000 units in 2015, said Malaysia Automotive Institute (MAI) CEO Mohamad Madani Sahari. This will be a significant five percent increase over 2014’s TIV figure of 665,675 units, itself 1.5% higher than in 2013.

On top of that, MAI predicts that the market share of the two local carmakers (Proton and Perodua) will be on the rise in 2015 – estimated to be 52% compared to 46.8% last year. The positive forecast is based on “new models and attractive prices” from the two brands, according to Madani. All-new Proton Saga and Perodua sedan, anyone?

In 2014, Perodua maintained its market lead (29.4% market share) over Proton (17.4%). The latter suffered a notable decline of 3.8% against 2013. Sales figures of Proton’s three most successful models – Saga (56k units), Persona (21k) and Exora (15k) – pale next to Perodua’s best-sellers – Axia (29k in just three months), Myvi (82k) and Alza (55k).

Among non-national brands, Toyota leads the way with a 15.3% market share, followed closely by Honda (11.6%) and Nissan (7.0%). Honda is the biggest gainer of 2014, increasing its market share by 3.7% with the help of new models (City and Jazz). Nissan, meanwhile, suffered a market share drop of 1.1%.