Frost & Sullivan Maintains Malaysia's 2012 TIV Forecast at 612,000 units

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Frost & Sullivan Maintains Malaysia's 2012 TIV

Forecast at 612,000 units

PR Newswire

KUALA LUMPUR, Malaysia, July 5, 2012

KUALA LUMPUR, Malaysia

,

July 5, 2012

/PRNewswire/ -- Frost & Sullivan is

maintaining

Malaysia

's total vehicle sales forecast of 612,000 units for this year.

Mr. Kavan Mukhtyar, Partner & Head of the Automotive & Transportation

Practice,

Asia Pacific

at Frost & Sullivan said that Frost & Sullivan is maintaining

its forecast as it is still achievable despite the stricter lending guidelines by Bank

Negara Malaysia.

He added that the stricter lending rules mostly impacted entry-level vehicles

such as Perodua Viva and Proton Saga. "However, the impact is expected to be

reduced as automakers step up marketing and sales campaigns such as giving

higher discounts and implementing pre-screening approval process for hire

purchase loans to entice consumers," he said.

He added that the rejection rate for loan applications for new vehicles has

reduced since

May 2012

as dealers and banks are getting used to the stricter

lending guidelines, and are working together to shorten the process and make

it easier for consumers.

Mr. Mukhtyar also said that hybrid cars will continue to be in demand due to

attractive incentives given by the Government. He also expects the upcoming

review of the National Automotive Policy to provide more incentives for hybrid

cars.

He said that the D-segment (premium & large sedans) will be the fastest

growing segment, increasing 30 per cent year-on-year to 36,058 units in 2012,

driven by catch-up sales from the new Toyota Camry and Honda Accord, new

variant launches and high demand for luxury cars such as BMW and Mercedes

Benz.

Mr. Mukhtyar said that the C-segment (mid-sized sedans) is likely to grow 5 per

cent year-on-year to 234,482 units in 2012, making it the largest contributor to

the total vehicle sales in

Malaysia

, accounting for about 38.3 per cent.

He added that growth in the C-segment will be driven by new models such as

Proton Preve, Peugeot 408, Honda City FL, Honda Civic FMC and Volkswagen

Polo Sedan. "Increasing demand for hybrid vehicles such as Honda Insight FL

and Toyota Prius FL will also help to drive growth in the segment," said Mr.

Mukhtyar.

Sales for sports utility vehicles (SUVs) and 4x4 vehicles are likely to grow 11 per

cent year-on-year to 25,699 units due to back orders and recovery sales from

Honda CRV and growth in Kia Sportage and new models such as Mazda CX-5.

Mr. Mukhtyar said that the B-segment (small & compact cars) is likely to see a

nominal growth of 0.3 per cent year-on-year to 98,792 units in 2012 due to the

robust sales of the new 1.5L Perodua Myvi and introduction of hybrid cars such

as Toyota Prius C and Honda Jazz.

The A-segment will see a dip and is expected to decline 12 per cent year-on-

year to 57,376 units, mainly impacted by the stricter lending guidelines and lack

of new models. "Most consumers are likely to opt for B-segment vehicles