How Malaysia Used Vehicle Market is positioned?
Malaysia was
ranked 44th globally in terms of motorization level. With the population of
around 30 million, the ownership status in Malaysia is 341 cars per 1,000
people in the year 2014.
The growth
in Malaysia
Used Vehicle Market is primarily driven by the faster car replacement
rate, growing working population and increasing number of government policies
with respect to EEV and ELV policies. The sales volume of used vehicle
increased significantly at a CAGR of ~% during the period 2013-2018.
Malaysia
used vehicle market is highly fragmented with maturity stage as compared to
other matured markets such as Europe, US and India. The competition in the
market is highly fragmented with around ~ organized and unorganized dealership
outlets of used cars in Malaysia.
Used cars
are typically ~% to ~% more inexpensive than their brand new counterparts, with
the price normally falling by ~% to ~% of depreciation every year.
Malaysia
used Vehicle market size has increased from sale of ~ units in the year 2013 to
the sale of ~ units during the year 2018.
The Used to
New Car ratio in Malaysia increased significantly from ~ in 2013 to ~ during
the year 2018.
Revenue
generated from Malaysia’s used vehicle market has gradually increased during
this period. It was MYR ~ billion in the year 2013 which further increased to
MYR ~ billion in the year 2018.
The
replacement rate of a used vehicle in Malaysia was observed to be ~ years
during the year 2018. However, it is expected to reduce to ~ years by the end
of 2025.
How Malaysia Used Vehicle Market Segment?
By Type of Distribution Channel
In Malaysia,
the used vehicle market is highly fragmented with close ~ Used Vehicle dealers.
The Organized players are very less. Unorganized Dealers in Malaysia are very
large in number present in different locations in Malaysia. Malaysia Used
Vehicle Market in terms sales volume was largely dominated by Unorganized
Dealers accounting a share of ~% in the year 2018. On the other hand, organized
dealer’s sales accounted the reaming share of ~% in 2018.
By Type of Vehicle
Sale of
Sedans comprised of highest market share in the sale volume of used vehicles in
Malaysia during the year 2018. Percentage sale of sedans in Malaysia has been
accounted as ~ % during the year 2018 followed by SUVs that accounted for ~%
market share in 2018. The SUV segment observed a CAGR of ~% for the period
2013-2018.
Hatchbacks
were the third most preferable vehicle category with ~% market share in terms
of sales volume from this segment as they are mostly preferred by young
generation and small size families.
By Vehicle Age
The average
vehicle age in Malaysia was observed to be ~ years in 2013. However, it declined
over the years and changed to ~ years during the period 2013-2018.
Sale of used
vehicles within the age bracket of 5-8 years accounted for ~% share during the
year 2013. However, the average replacement rate over the years is reducing in
Malaysia which will lead to further shift in 3-5 years of age bracket by the
end of 2030E.
By City
Kuala Lumpur
accounted highest percentage share in terms of sales volume of ~% during the
year 2018. The high market share was largely due to the ~% of the population in
Malaysia that solely depends on passenger cars.
Selengor can
take highest percentage share in future due to the growing number of employed
individuals in this region. The current sales volume share is recorded at ~%
during the year 2018.
By Price Range
The price
range of MYR 30,000 - MYR 50,000 holds ~% of the market share in terms of sales
volume among all the price ranges. This is largely due to the affordability of
middle class population that prefers buying a used vehicle over a new vehicle.
Sedans and
Hatchback are the most popular car models preferred by Malaysians. The price
range of these body type vehicles lies in the range of MYR 30,000 to MYR
50,000.
By Brand
Perodua
brand accounted for ~% of market share in terms of sales volume which is the
highest among all the brands during the year 2018.
Toyota and
Honda have a high penetration rate and are considered as the hot selling brands
by the people of Malaysia. Nissan accounted for ~% of the market share as it
generally constitutes MPVs and Sedans type of cars.
How is The Competitive Landscape of Used
Vehicle Market in Malaysia?
Used Vehicle
Market in Malaysia is highly fragmented with presence of around ~ dealers
across all the cities in Malaysia.
Online
Auto-Classifieds has a highly concentrated space with presence of six major
companies capturing almost ~% share among the online auto classified companies
present in Malaysia used Vehicle market during the year 2018.
What is the Future outlook and Projections for
Malaysia Used Vehicle Market?
The Gross
Transaction Value (GTV) generated from the sale of used cars in Malaysia is
projected to augment from MYR ~ billion in 2018 to MYR ~ billion by the year
ending 2025 at a CAGR of ~ % during the period 2018-2025E. This is largely due
to the increasing average ticket size of the used car with respect to certain
government policies such as EEV and ELV coming up during this period. Used car
market in Malaysia is anticipated to increase from sale of ~ thousand units in
2018 to sale of ~ thousand units by the end of 2025E at a CAGR of ~ % during
the period 2018-2025E.
Key
Segments Covered
By
Distribution Channel
Organized Dealers
Multi Brand Retailers
Direct Dealership Sales Agent
Unorganized Dealers
By
Mode of Selling
Online
Dealership Walk-Ins
By
Type of Vehicle
Sedans
Hatchback
4WD/SUVs
MPVs
LCV
Others
By
Vehicle Age
0 – 3 Years
3 – 5 Years
5 – 8 Years
More than 8 Years
By
City
Kuala Lumpur
Selengor
Johor
Perak
Others
By
Price Range
MYR 0 – MYR 30,000
MYR 30,000 – MYR 50,000
MYR 50,000 – MYR 70,000
MYR 70,000 – MYR 90,000
More than MYR 90,000
By
Brand
Perodua
Toyota
Honda
Proton
Nissan
Others
Key
Target Audience
OEM’S Companies
Multi Brand Dealers
Captive Dealers
Venture Capitalist Firms
Government/ Regulatory Authorities
Online Auto-Classifieds
Time
Period Captured in the Report:
Historical
Period: 2013-2018
Forecast
Period: 2019E-2025E
Companies
Covered:
Major
Online Players in Malaysia
Carlist
Mudah
Motor Trader
We Motor
MyMotor
Autocari
myTukar
CarlistBid
Major
Captive Dealers:
Toyota TopMark
Perodua Pre-Owned
BMW Premium Selection
Multi-Brand
Dealers
Public Auto World Enterprises
Keong Heng Auto
East 28 Motors
Puncak Auto Enterprises
Yap’s Auto Car City
ML Advance Auto Seller
Global Wheels Automotive
Key
Topics Covered in the Report
Malaysia Used Vehicle Market
Introduction (Overview, Genesis, Business Cycle)
Malaysia Used Vehicle Market Ecosystem
Malaysia Used Vehicle Market Business
Model
Used Vehicle Market Size Malaysia
Malaysia Used Vehicle Auto Finance
Malaysia Used Vehicle Market
Segmentation
Trends and Developments in Malaysia Used
Vehicle Market
Issues and Challenges in Malaysia Used
Vehicle Market
Malaysia Used Vehicle Market
Regulations
SWOT Analysis Malaysia Used Vehicle
Buying Decision Parameters in Malaysia
Used Vehicle Market
Malaysia Used Vehicle Market
Competition Scenario
Malaysia Used Vehicle Market Future
Projection, 2018-2025E
Future Outlook of Malaysia Used
Vehicle Market Segmentations, 2018-2025E
Analyst Recommendations
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more information, refer to below link:
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Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
