Future Outlook of Malaysia Used Car Market and Growth Rate: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is the Malaysia Used Car Market Positioned? Overview: The Used car market in Malaysia is quite fragmented amongst the unorganized players in the industry. The used to new car ratio has been increasing over time and is currently at 1.38:1. Increasing demand for private vehicles, increasing purchasing power, easy availability of finance, increased govt. incentives to ensure sale of new cars are the main reasons behind positive growth in used car revenue. Other major drivers include increased internet and smartphone penetration and emergence of online players which have made the overall process of selling and buying used cars smooth, thus boosting sales. The buying decision of the customers is influenced by key parameters such as Price, Model and Brand value. Home grown brands Proton & Perodua account for majority of the market share. Market: Market for used car in Malaysia has enhanced by a CAGR of ~% over the period 2015-2021 on the basis of revenue. Sales for used cars were recorded at ~ units in Malaysia during 2021. Increasing demand for quality cars, warranty packages, post-sale services, easy financing are the main reasons behind positive growth in the sales of OEMs dealerships. However, independent dealers dominate the market as they offer cheaper price as compared to OEMs and Multi-brand Showrooms. The demand for used cars decreased during the peak of pandemic on account of MCO restrictions. This was due to low supply and closure of OEM dealerships and Local Tents during lockdown. However, as the country witnessed easing of lockdown restrictions, there was a significant traction in used car sales fueled by changing consumer preferences. Going forward, the manufacturers are expected to shift focus towards digital medium in order to drive sales and increase customer footfall. Malaysia Used Car Market Segmentation By Sales channel: B2C/OEM dominates the market both in terms of both volume and value due to the provision of value-added services and after sales services. C2C transactions occurring between friends and family are comparatively very less. By Source of lead generation: In Malaysia, Online platform is the most preferred method for lead generation for organized players as it eliminates middlemen and the commission margin associated with them. It also offers a display of large variety of used vehicles on a single click and allows person to compare different vehicles at the same time. By Type of Car: Sedans are the most popular car types in Malaysia. This is majorly due to the fact that they have both commercial and personal utility, mostly finding applications by young professionals, store/business heads, on- demand services like taxi and rental services By Price: The price range of MYR 30,000-50,000 accounted for highest percentage share of used cars in Malaysia in 2021. Sedans and Hatchback are the most popular car models preferred by Malaysians, and a vast majority of them lie in this price range. Click here for sample repot: – https://www.kenresearch.com/sample-report.php?Frmdetails=NTUwNTY3 By Brand: Perodua is the market leader in Malaysia accounting for greater than 30% of sale of used cars by volume. Cars of Perodua, Proton, Toyota, Honda, Nissan are the most preferred due to strong brand value, reliability, longer life span, and higher retention value of the used vehicles. By Kilometers Driven: Cars with running of 80,000- 120,000 kilometers dominate the market. Vehicles used for commercial purposes such as taxis, rentals travel in excess of 40,000 kms every year. By Ownership Period: Cars with ownership period of 5-8 years have the highest market share owing to high durability of the pickup trucks in the country. Since these vehicles have sturdy engines, the owners tend to keep them for long time and use it for business purposes By Region: High urban population and disposable income in Kuala Lumpur & Selengor has led to generation of ~% of the used car sales over these regions. Due to geographical factors, East Malaysia has a high demand on pickup trucks. East Malaysian cities such as Sabah, Kuching have sales generated majorly by pickup trucks that provide better power and maneuverability, especially for off road commercial applications such as logging, construction, and plantation C2b Used Car Market Size C2B Platforms for used cars make the car selling process more convenient. Malaysia C2B used car market size was valued at MYR ~Bn in 2021; recording a contraction of ~% CAGR in between 2016 and 2021 on the basis of GMV. The C2B Platforms enable sellers to sell used cars directly to the online players who in turn sell the inventory to the dealers either through bidding or by general sales process while charging a margin. On a C2B Platform, the sellers can upload a quick listing of their vehicles, receive offers from interesting buyers and accept the most feasible option to sell it online. The market displays a sales volume of ~ units through C2B channel in 2021 with a CAGR of ~% during the period 2016-2021. Key Segments Covered: – By Market Structure Organized Unorganized By Sales Channel B2C/OEM organized C2C Auction By Source of Lead generation Online Dealership walk-ins By Car Segment Sedan Hatchback SUV MPV Pickup trucks Others (convertibles, coupe, sports vehicles, etc.) By Price Less than MYR 30,000 MYR 30,000-50,000 MYR 50,000-70,000 MYR 70,000-90,000 More than 90,000 By Brand Perodua Proton Honda Toyota Nissan Others (Mitsubishi, Mazda, Mercedes, Audi, etc) By Region Kuala Lumpur Selengor Johor Penang Perak Others By Ownership period Less than 2 years 2-4 years 4-6 years 6-8 years More than 8 years By Mileage Less than 20,000 20,000-50,000 50,000-80,000 80,000-120,000 Above 120,000 By Fuel Petrol Diesel Hybrid Electric Companies Covered OEM Dealerships Perodua Pre-owned Proton Certified Pre-owned Toyota Topmark Mazda Certified Pre-owned BMW Premium Selection Mercedes Benz Certified Pre-owned Online Portals – C2B platforms Carsome MyTukar MyMotor Online Portals – Online Auto Classified Platforms Mudah.my Motor Trader Carlist.my WeMotor Motor Trader Autocari Oto.my B2B Auction players G-Mart MUV NG Chan Mau & Company Pickles Auction Key Target Audience Used Car Companies OEMs Online Used Car Portals Auction players Used Car Financing Companies Government Bodies Investors & Venture Capital Firms Used Car Dealerships Used Car Distributors Auction Houses Used Car Associations Time Period Captured in the Report: – Historical Period – 2015-2021 Forecast Period – 2021-2026F Key Topics Covered in the Report: – Executive Summary Research Methodology Malaysia Used Car Market Overview Malaysia Used Car Market Size, 2015-2020 Malaysia Used Car Market Segmentation, 2020 Growth Drivers in Malaysia Used Car Market Issues and Challenges in Malaysia Used Car Market Regulatory Framework Ecosystem and Value Chain of Used Car Industry in Malaysia Customers Purchase Decision Making Parameters Cross Comparison between Major OEMs and Multi-brand Dealers and Company Profiles & Product Portfolios Snapshot on Online used car market Snapshot on C2B and online classified market Snapshot on Auction Market Future Market Size and Segmentations, 2021-2025F Covid-19 Impact on the Industry & the way forward Analysts’ Recommendations For More Information on the research report, refer to below link: – Malaysia Used Car Market Growth Rate Related Reports by Ken Research: – Indonesia Used Car Market Outlook to 2025 Saudi Arabia Used Car Market Outlook to 2025 Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Automotive industry in Malaysia, Car Replacement Rate in Malaysia, Carlist Business Model Malaysia, Carsome monthly Used Car sales in Malaysia, Competition in Malaysia Used Car Market, COVID Impact on Malaysia Used Car Market, Covid-19 impact on Auto-sector In Malaysia, Dealers Commission Margin Malaysia Used Vehicle, Demand for second-hand cars in 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