AUTOMOTIVE
[%GiKf%] [%vGVx%] [%YURG%] 
Research by TA
Neutral

“TIV Rebounded in May”

According to the Malaysian Automotive Association (MAA), the Total Industry Volume (TIV) of vehicles increased by 18.4% MoM to 68.7k units in May-24. This rise can be attributed to longer working days following the Hari Raya festivities. Compared to the same period last year, TIV saw an 8.7% YoY increase, primarily driven by a surge in passenger car sales, which rose by 11.4% (refer to Figure 1). YTD, TIV has reached 328.9k units, marking an 8.3% increase from the previous year. This growth was mainly driven by strong performance in the passenger car segment, which grew 11.0% to 301.1k units. Meanwhile, the commercial vehicle segment declined to 27.8k units, down by 14.7% YoY.

Analyst(s):
Angeline Chin 
[%xmYs%]

AUTOMOTIVE
$KLSE-MBMR $KLSE-BAUTO $KLSE-SIME 
Research by TA
Neutral

“TIV Rebounded in May”

According to the Malaysian Automotive Association (MAA), the Total Industry Volume (TIV) of vehicles increased by 18.4% MoM to 68.7k units in May-24. This rise can be attributed to longer working days following the Hari Raya festivities. Compared to the same period last year, TIV saw an 8.7% YoY increase, primarily driven by a surge in passenger car sales, which rose by 11.4% (refer to Figure 1). YTD, TIV has reached 328.9k units, marking an 8.3% increase from the previous year. This growth was mainly driven by strong performance in the passenger car segment, which grew 11.0% to 301.1k units. Meanwhile, the commercial vehicle segment declined to 27.8k units, down by 14.7% YoY.

Analyst(s):
Angeline Chin 
angelinechin@ta.com.my