Why did the motor vehicles sub-sector see a 2.3% sales decline in May?

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Decline in Motor Vehicles Sub-sector Sales Attributed to Lower Vehicle Group Sales

The motor vehicles sub-sector experienced an 11.4% contraction in the sale of motor vehicles group, leading to an overall sales decline of RM400 million or 2.3% year-on-year, reaching RM18.6 billion in May 2026. This downturn in the motor vehicles group was primarily responsible for the sub-sector's weaker performance, as reflected in data from industry bodies.
Contraction in Motor Vehicle Sales Group

The primary driver behind the motor vehicles sub-sector's sales decrease was a significant fall in the sale of motor vehicles group. This specific segment saw its sales shrink by 11.4%, resulting in RM8.8 billion in sales for May 2026. This contraction directly impacted the overall sub-sector's financial performance.
Alignment with Industry Data

The observed decline in motor vehicle sales is consistent with figures released by key automotive industry associations. The Malaysian Automotive Association (MAA) reported a total of 61,250 vehicle sales during May 2026. Concurrently, the Road Transport Department Malaysia (JPJ) recorded 66,089 vehicle registrations in the same period, indicating a general slowdown in new vehicle transactions.
Growth in Ancillary Segments Offset Decline

Despite the overall contraction, other components within the motor vehicles sub-sector demonstrated positive growth. Sales of motor vehicle parts and accessories saw an increase of 7.8%. Furthermore, the maintenance and repair of motor vehicles grew by 6.8%, and the sales, maintenance, and repair of motorcycles and related parts and accessories rose by 9.1%. These increases partially compensated for the decline in new vehicle sales.

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Why did the motor vehicles sub-sector see a 2.3% sales decline in May?

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