The report titled “Malaysia
Used Vehicle Market Outlook to 2025 - By Type of Distribution Channel
(Organized and Unorganized Dealers), By Mode of Selling (Online and Dealership
Walk-Ins), By Type of Vehicle (Sedans, Hatchback, SUVs, MPVs, LCV and others),
By Vehicle Age(0-3 years, 3-5 Years, 5-8 Years and More than 8 years), By
Brand(Perodua, Toyota, Honda, Proton, Nissan and Others)” provides a
comprehensive analysis of the Used Vehicle market in Malaysia. The report also
covers the overview and genesis of the industry, Market size in terms of Gross
Transaction Value, overall market size in terms of Volume, trends and
developments, issues and challenges, regulations in Malaysia, snapshot on
Malaysia used vehicle auto finance, business models, value chain analysis, SWOT
analysis, Buying decision parameters, competitive scenario and company
profiles. The report concludes with market projection and analyst
recommendations highlighting the major opportunities and cautions.
Malaysia
Used Vehicle Overview and Size
Malaysia Used Vehicle market in terms
of sales volume has increased at a single digit CAGR over the review period
2013-2018. The market is gradually surging with high car ownership ratio,
growing urban population, increasing average ticket size, faster vehicle
replacement rate and increasing support of Malaysian government in terms of
policy formulation and regulations. The market was observed to be at the late
growth stage.
The buyers in Malaysia are highly
price sensitive with depreciating currency over the years. Government norms
with respect to EEVs and ELV policy will positively impact Used Vehicle Market
in Malaysia. Malaysians prefer to buy a used motor vehicle as new ones are very
expensive. For middle or lower income group people, used cars have become more
popular choices. Malaysia Used to New vehicle ratio has been increasing over
the years leading to growth in sales volume of used cars in Malaysia.
Malaysia
Used Vehicle Market Segmentation
By
Distribution Channel: In Malaysia, the
used vehicle market is highly fragmented with close 5000 used vehicle dealers
operating in the market in the year 2018. The Organized players are very less,
whereas 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. On the other hand,
organized dealer’s sales accounted the reaming share in 2018.
By
Organized Dealers: Multi Brand
Dealership outlets are dominating in Malaysia Used Vehicle Market due to the
large portfolio of vehicles provided with a huge space for negotiation on
purchase.
By
Mode of Selling: In Malaysia,
selling and buying a used vehicle via online platform is the most convenient
method for customers and dealers as sale of used vehicles via online platforms
eliminates middlemen and its commission margin. Lower commission charged
attracts major population to purchase used vehicles through online platform.
By
Type of Vehicle: Sedans and SUVs
are the dominating segments in body type of used vehicle. Sedans have high
average car life and lies within the budget of Malaysians. Preference to buy
new MPV and LCVs was the key factor for low demand in the used vehicle segment.
By
Vehicle Age: 5-8 years of
vehicle age accounted for highest market share due to the average replacement
rate of 6 years in Malaysia. The market share is followed by 3-5 years of
vehicle age as selling of vehicle during this period generates a high resale
value.
By
City: Kuala Lumpur and Selengor are dominating
the used vehicle market in terms of sales volume largely due to the higher
percentage of people that solely depends on the passenger cars and growing
working population observed in Selengor during last five years.
By
Price Range: The average ticket
size of Malaysia used vehicle market is growing over the years. The price range
of MYR 30,000 - MYR 50,000 accounted for highest percentage share due the
replacement rate along with the depreciation charged over the years on new
vehicles.
By
Brand: Perodua dominated the sales volume of
used vehicle in Malaysia. Domestically manufactured vehicle brand include
Perodua and Proton and Japanese brands that include Toyota, Honda and Nissan
are the most preferred brands in the used-vehicle market due to strong brand
preference, reliability, longer life span, and higher retention value of the
used vehicle.
Competitive
Landscape
Used Vehicle Market in Malaysia is
highly fragmented with presence of around 5,000 dealers across all the cities
in Malaysia. Used car dealers in Malaysia compete on the basis of number of
dealership outlets; value added services, quality checks performed, insurance
and finances and portfolio of used cars at their dealership store. There are
numerous players that are operating in Malaysia Used Vehicle Market. Organized dealers include Direct
Dealership Sales Agents (Toyota TopMark, Perodua Pre-Owned and Mercedes Benz
Premium Selection) and Multi Brand Dealership Outlets (Deluxe Car Trader, Yap’s
Auto Car City, Public Auto World, Keong Heng and others). Major online players for used vehicle market in Malaysia are
Mudah.my, Carlist.my, Motor Trader, We Motor, My Motor, Autocari and others.
Malaysia
Used Vehicle Market Future Outlook
The Malaysia Used Vehicle market in
terms of sales volume is expected to grow in the future at a single digit CAGR
over the forecast period (2018-2025E). In Future, it is anticipated that used
car sales volume will be fuelled by increasing government policies related to
used cars such as EEV and ELV, growing urban population, increasing car
replacement rate, increasing inspection checks and growing customer confidence.
Gross Transaction Volume will significantly increase at a positive CAGR during
the period 2018-2025E due to the increasing average ticket size of a used
vehicle over the years.
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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