Malaysia 2021. Motorcycles Sales Up 5% in November Anticipate 2022 Expected Boom

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Malaysia Motorcycles
Yamaha MT-15

Malaysia Motorcycles Market is stabilizing and after the -8% reported in October, in November sales were up 5%. Year to Date November sales have been 432.791, -2.3% vs the 2020 and -6.5% vs the 2019, with the entire year projected at 480.000, down 1%. Perspectives for 2022 are almost positive and the market is foreseen up in double digit.

Motorcycles Market Trend 2021

The Malaysian motorcycles market is one of the smaller in the ASEAN region, with around half million annual sales.

Recent years trend has been almost stable with the last record hit in the 2013 with 543.000 sales and with pre-covid 2019 hitting the second best at 538.000.

In the 2020 the market was the most resilient to the pandemic within the region losing only 13% and the start of the 2021 was full of expectation for a rapid recovery.

Indeed, during the first half sales surged 40.5%, fueled by strong demand by people in search of a safety individual mobility device.

Malaysia Motorcycles

Unfortunately, the slow development of vaccination plan created space for the virus to expand in the third quarter and the government was forced to impose lockdowns. The effect was to see plant shutdown and dealerships closed for almost one month, with Q3 sales only at 62.474, down a deep 57.4%, although September decline was contained at 3%.

During the fourth quarter sales are stabilizing and after the -8% reported in October, in November sales were up 5%. Year to Date November sales have been 432.791, -2.3% vs the 2020 and -6.5% vs the 2019, with the entire year projected at 480.000, down 1%. Perspectives for 2022 are almost positive and the market is foreseen up in double digit.

So far this year, the market leader was again Yamaha (+5.7%) with over 40% of market share.

In second place there is Honda (+2.1%) followed by Kawasaki, the local producer Modenas and Suzuki.