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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)

Region:Asia

Author(s):Nishtha Noonwal

Product Code:KR891

Download Sample Report
Published On

September 2019

Total pages

121

About the Report

 
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 Market

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 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

Products

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

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
 
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

Table of Contents

1. Executive Summary

Competition Scenario

2. Research Methodology

2.1. Market Definitions and Size

2.2. Abbreviations

2.3. Market Sizing And Modeling

Research Methodology

Market Sizing Approach

Variables Dependent And Independent

Multifactor Based Sensitivity Model

Limitations

Conclusion

3. Malaysia Used Vehicle Market Introduction (Overview and Genesis, Business Cycle Graph)

3.1. Overview and Genesis (Overview, Popular Brands, Market Stage, Ratio of New Vehicle sold to Used Vehicle, Market Size, Comparison with other markets and Major Entities in Value Chain)

3.2. Business Cycle (Emerging, Growing and Declining phase)

4. Malaysia Used Vehicle Market Ecosystem (Major Online Companies, Dealers and Banks)

5. Malaysia Used Vehicle Market Value Chain Analysis (Value Chain Process and Role of Entities)

5.1. Role of Entities in Value Chain

6. Malaysia Used Vehicle Market Business Model

6.1.1. Multi Brand Dealers

6.1.2. Captive Dealers

6.1.3. Online Auto - Classified

7. Malaysia Used Vehicle Market Size, 2013-2018

7.1. By Volume and Value, 2013-2018

8. Snapshot on Malaysia Used Vehicle Auto Finance (Features, Guidelines, Documents Required and Payment Methods)

9. Malaysia Used Vehicle Market Segmentation

9.1. By Distribution Channel (Organized Dealers and Unorganized Dealers), 2018

9.1.1. By Organized Dealers (Multi Brand Dealers and Direct Dealership Sales Agents), 2018

9.2. By Mode of Selling (Online, Dealership Walk-ins), 2013 and 2018

9.3. By Type of Vehicle (Sedans, Hatchback, 4WD/SUVs, MPVs, LCV and Others), 2013 and 2018

9.4. By Vehicle Age (0-3 Years, 3-5 Years, 5-8 Years and More than 8 Years), 2013 and 2018

9.5. By City (Kuala Lumpur, Selengor, Johor, Perak and Others), 2018

9.6. By Price Range (0- MYR 30,000, MYR 30,000- MYR 50,000, MYR 50,000 – MYR 70,000, MYR 70,000 – MYR 90,000 and More than MYR 90,000), 2018

9.7. By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others), 2018

10. Trends and Development in Malaysia Used Vehicle Market

High Vehicle Ownership

Lower Prices as compared to New Vehicles

Building Customer Confidence

Improving Used to New Vehicle Ratio

Strong presence of Online Platforms

11. Issues and Challenges in Malaysia Used Vehicle Market

Increasing Average Ticket Size

Irregular Prices

Less Warranty on Used Cars

Tightening of Financial Guidelines

Registration Process

Lack of Confidence oN Small Unorganized Dealers

12. Government Regulations in Malaysia Used Vehicle Market (Shipping Port, Age Restrictions, Right-Hand Drive Vehicle, Process, Documents required for AP, Documents required for importing vehicle and Vehicle Registration)

13. SWOT Analysis of Malaysia Used Car Market

14. Buying Decision Parameters for Used Vehicle Market in Malaysia

15. Competition Scenario of Malaysia Used Vehicle Market

15.1. Market Share of Online Auto-Classified Companies on the Basis of Number of Listings, as of 31st august 2019

15.2. Heat Map and Cross Comparison of Online Auto-Classified Companies, captive Dealers and Multi Brand Dealer

15.2.1. Online Auto-Classifieds

15.2.2. Captive and Multi-Brand Dealers

15.3. Strength and Weakness of Top 5 Major Online Auto- Classified Players in Malaysia Used Vehicle Market

15.4. Company Profile of Major Auto-Classifieds, Captive Finance Companies and Multi Brand Retailers

15.4.1. Company Profile of Major Auto-Classifieds in Malaysia Used Vehicle Market (Overview, 
Business Segments, Number of Car Dealers and Features)

WeMotor

Mudah.my

MyMotor

carsome

iCar Asia

15.4.2. Company Profile of Major Captive Dealers of Used Cars in Malaysia (Overview, Services, 
Locations and Number of Cars Listed)

Toyota Topmark

Perodua Pre Owned

BMW Premium Selection

15.4.3. Company Profile of Major (Top 7) Multi Brand Dealers of Used Cars in Malaysia (Public 
Auto World Enterprises, Keong Heng Auto Sdn Bhd., East 28 Motors (M) Sdn Bhd, Puncak Auto 
Enterprise, Yap’s Auto Car City Sdn Bhd., ML Advance Auto Seller Sdn Bhd. and Global Wheels 
Automotive Sdn Bhd.)

16. Malaysia Used Car Market Future Outlook and Projections, 2018 – 2025E

17. Malaysia Used Vehicle Market Segmentation Future Outlook and Projections

17.1. By Distribution Channel (Organized and Unorganized Dealers), 2025E

17.1.1. By Organized Dealers (Direct Dealership Sales Agents and Multi Brand Dealers), 2025E

17.2. By Mode of Selling (Online and Dealership Walk-ins), 2025E

17.3. By Vehicle Age (0-3 Years, 3-5 Years, 5-8 Years, More than 8 Years), 2025E

17.4. By Price (0- MYR 30,000, MYR 30,000- MYR 50,000, MYR 50,000 – MYR 70,000, MYR 70,000 – MYR 90,000 and More than MYR 90,000), 2025E

17.5. By Brand (Perodua, Toyota, Honda, Proton, Nissan and Others), 2025E

18. Analyst Recommendation

Disclaimer

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