Press release
Introduction of Government Policy such as ELV (End of Life Vehicle) and Growing penetration of EEV (Energy Efficient Vehicle) will positively impact the sales of Used Vehicles in Malaysia: Ken Research
Key Findings• End of Life Vehicle policy in Malaysia will ensure higher replacement rate of a car in Malaysia due to the high resale value attached with the vehicle coupled with incentives offered by government on scrapping of vehicles at specified age.
• The vehicle age of 3-5 years in Malaysia is expected to account higher market share of 30.2% by the end of 2025 with a positive CAGR of 5.3% during the period 2018- 2025E.
• In future, Malaysia Used Vehicle market will be dominated by the Domestic and Japanese brand vehicles accounting more than 70% of the market share. High resale value of these brands, popular models, convenience associated with maintenance and services are the major reasons of growth of these brands in Malaysia Used Vehicle Market.
Rising EEV Vehicles in Malaysia: NAP policy 2014 aimed at promoting EEV vehicles in Malaysia. Government has taken an initiative to make Malaysia a hub for Energy Efficient Vehicles. The penetration of EEV vehicles has been growing over the years from 32.6% in 2015 to 62.0% in 2018. In view of the fact that EEVs are relatively expensive and will negatively impact the sales of total automotive industry volume in Malaysia. The decline in the sales of new vehicles will significantly lead to the growth in used vehicle sales volume in Malaysia largely due to the affordability associated with the pre-owned vehicles.
Dominance of Malaysian and Japanese Brand Vehicles: In future, Malaysia Used Vehicle market will be dominated by the Domestic and Japanese brand vehicles accounting more than 70% of the market share. This is largely due to high resale value of these brands, popular models, convenience associated with maintenance and services.
Growing Urban Population in Malaysia: The urban population in Malaysia has been growing over the years and is a major factor that positively affects the used vehicle market in Malaysia. Malaysia has recorded high car ownership ratio over the years and is ranked 44th with respect to other comparable developed economies in the year 2014. Moreover, growing urban population and high ownership ratio will positively impact the used car sales volume in Malaysia.
Analysts at Ken Research in their latest publication “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)” observed that the Used Vehicle Market in Malaysia will increase due to increasing urban population and high car ownership ratio coupled with faster car replacement period and introduction of government policies such as EEV and ELV.
The market is expected to register a positive CAGR of 2.8% in terms of sales volume during the forecast 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
For more information, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-used-vehicle-market-outlook/262370-100.html
Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/china-used-vehicle-market/149475-100.html
https://www.kenresearch.ae/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-used-car-market-research-report/212624-100.html
https://www.kenresearch.com/technology-and-telecom/it-and-ites/uae-used-car-auto-classified-market/170500-105.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Introduction of Government Policy such as ELV (End of Life Vehicle) and Growing penetration of EEV (Energy Efficient Vehicle) will positively impact the sales of Used Vehicles in Malaysia: Ken Research here
News-ID: 1852405 • Views: …
More Releases from Ken Research
Top Players Are Reshaping the India Telemedicine Market: Who's Leading and Why I …
In 2024, the India Telemedicine market was valued at USD 2.3 Bn, dominated by players such as Practo and Apollo TeleHealth due to their extensive doctor networks and full-stack digital infrastructure. From strategic acquisitions to AI-driven platforms, these leaders are setting new standards for virtual care delivery across India.
New Delhi, April 14, 2025
Ken Research's latest Competitive Landscape Report 2025 on the India Telemedicine Market dissects how dominant players…

Smart Parking for Smart Cities: Unveiling the Future of US Parking Management
What is the Size of US Parking Management Industry?
US Parking Management industry is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028. The parking management in the United States is a substantial industry, driven by factors such as urbanization, increasing vehicle ownership & the need for efficient parking solutions.
The market consists of various types of parking facilities: on-street parking, off-street parking lots,…

The Transformative Growth of the US Acute Myeloid Leukemia Market
What is the Size of US Acute Myeloid Leukemia Industry?
US Acute Myeloid Leukemia Market is expected to grow at a CAGR of ~ % in 2022 and is expected to reach ~USD Mn by 2028. The US Acute Myeloid Leukemia market is the rapid advancement in precision medicine and targeted therapies. The emergence of innovative treatments tailored to the genetic and molecular characteristics of individual AML patients has transformed the…

Shaping the Future of USA Solid Tumor Therapeutics Market
What is the Size of USA Solid Tumor Therapeutics Industry?
USA Solid Tumor Therapeutics Market is expected to grow at a CAGR of ~% between 2022-2028 and is expected to reach ~USD Bn by 2028. The development of novel therapies like immunotherapies (checkpoint inhibitors, CAR-T cells), targeted therapies (kinase inhibitors, monoclonal antibodies), and precision medicine approaches has revolutionized solid tumor treatment, offering more effective and personalized options. Researchers are increasingly exploring…
More Releases for Malaysia
Nitrile Gloves Market Analysis, Research Study With Hartalega Holdings Berhad …
Nitrile Gloves Market growth is expected to be driven by rising healthcare expenditures, heightened importance of workplace safety, and growing awareness of healthcare-associated infections. The COVID-19 pandemic has led to an exponential increase in demand for a wide variety of PPE, including gloves. Disposable nitrile gloves are also often used by healthcare professionals to prevent contamination.
The Nitrile Gloves Market research report provides a thorough and comprehensive analysis of the global Industry.…
Non Dairy Creamer Market Future Trends, Revenue Growth, Profitability & Leading …
The "Non Dairy Creamer Market" business report 2021 contains worldwide analysis and estimation of various market-related factors that are incredibly crucial for better decision-making. Competitive analysis has been carried out in this industry analysis report for the major players in the market which supports businesses take better moves for enhancing their product and sales. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price,…
Ophthalmology Market in Malaysia, Ophthalmology Industry in Malaysia, Covid-19 I …
Lower Ophthalmology Costs in Malaysia: Ophthalmology cost in Malaysia is estimated to be comparatively less i.e. 40% less or even more than the spending made by a patient on an average for the same treatment in the US and European countries such as the UK, France, Germany and others. Low cost of Ophthalmology in Malaysia allows patients from the other countries to save a significant amount of money while benefiting…
Malaysia Ophthalmology Market, Malaysia Ophthalmology Industry, Malaysia Ophthal …
The report titled “Malaysia Ophthalmology Market Outlook to 2025- Increase in Ophthalmic Surgeries & Consultations driven by Increasing Ageing Population Proportion and Ophthalmology Technological Advancements" provides a comprehensive analysis of Ophthalmology Services in Malaysia. The report covers various aspects including market size (Total Revenue, Consultations Revenue, Number of Consultations, Surgery Revenue and Number of Surgeries), Market Segmentations by Clinic Specialty (Multi & Single Specialty), by Private and Public Clinics/Hospitals, By…
Malaysia Agriculture Market, Malaysia Agriculture Industry, Malaysia Agriculture …
Agriculture sector is an important sector of Malaysia's economy. There are mainly 3 crops are produced including palm oil, rubber and cocoa. Additionally, country’s farmers produce a number of fruits & vegetables for the domestic market such as bananas, pineapples, coconuts, durian, cabbage, cucumber, long beans, tomato, chilli, okra, spinach, rice, rambutan and others. Country’s tropical climate is extremely favorable for the production of a variety of exotic fruits &…
White Coffee Market Future Growth by 2027 | Oldtown(Malaysia), KOPIKO(Indonesia) …
The "Global White Coffee Market: 2020" Industry Report is a professional and in-depth study on the current state of the White Coffee Market by 4ARC Research . The White Coffee market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2027. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like…