Please Wait.....
Report
Malaysia Used Car - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-01-16 I 150 Pages I Mordor Intelligence
Malaysia Used Car Market Analysis
The Malaysia Used Car Market was valued at USD 18.67 billion in 2025 and estimated to grow from USD 19.86 billion in 2026 to reach USD 27.04 billion by 2031, at a CAGR of 6.36% during the forecast period (2026-2031). Robust household spending, strategic sales-tax exemptions and the National Automotive Policy's gradual import liberalization underpin demand further enlarged the future supply of pre-owned vehicles. SUV demand is accelerating as buyers look for elevated driving positions suited to mixed traffic and seasonal flooding, while battery-electric models gain traction on the back of expanding charging infrastructure.
Malaysia Used Car Market Trends and Insights
Escalating New-Car Prices
New-vehicle sticker prices climbed during 2024 and are expected to rise another 8-20% once excise duty reforms are activated in 2026, pushing many middle-income families toward the USD 5,000-9,999 used segment that already commands 38.74% share. Persistent inflation and a weak ringgit inflate import costs, keeping the price gap wide. The differential supports steady inventory turnover for local brands such as Perodua and Proton that provide ample supply and affordable parts.
Digital Retail Platform Expansion
CARSOME processes more than 100,000 vehicles a year through its AI-driven 175-point inspection regime, delivering roughly USD 1 billion in revenue and setting new quality benchmarks. Partnerships with Google Cloud allow real-time pricing and customer-experience optimization, while traditional lots now add virtual showrooms to defend market share. The online channel's 6.73% CAGR shows that Malaysian shoppers increasingly begin their journey with a mobile search even though many still insist on a last-mile physical inspection.
Counterfeit / Illegally Imported Vehicles
The end of the Open Approved Permit model and fresh Vehicle Entry Permit fines of RM300 for Singapore-registered cars entering Malaysia underscore tighter border controls. The crackdown lifts compliance costs in the short run but ultimately shields legitimate dealers, encouraging customers to gravitate toward organised lots with verifiable documentation.
Other drivers and restraints analyzed in the detailed report include:
Diverse Selection Among ModelsIntegrated Financing & InsuranceFragmented Inspection Standards
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Sedans maintained the largest 37.68% slice of the Malaysia used car market in 2025, though SUVs are forecast to post a 7.03% CAGR, outpacing every other body style. The SUV uptrend stems from elevated driving positions, better flood clearance and fresh supply from Proton X70 lease returns. CARSOME reports that SUV transactions command higher average selling prices, boosting per-unit profitability even while unit volumes are still catching sedans.
The Malaysia used car market size for SUVs is projected to grow exponentially by 2031, while hatchbacks retain strong entry-level resonance because of low running costs. Multi-Purpose Vehicles continue serving large families and ride-hailing operators that value flexible seating. Dealers stocking diversified SUV trims position themselves ahead of the demand curve as infrastructure projects lengthen urban commutes.
Unorganised yards still control 62.54% of the Malaysia used car market share, but organised operators are growing faster at 6.47% CAGR due to warranty coverage and digital service layers. Consumers are willing to pay modest premiums for certified inspections that reduce risk and provide after-sales peace of mind.
The Malaysia used car market size attributable to organised vendors as CARSOME expands to increase its inspection centres and Carro introduces instant online valuations. Sime Darby's purchase of UMW Holdings integrates Toyota and Perodua pre-owned programs under a single banner, signalling deeper consolidation ahead.
Petrol cars commanded 75.92% of 2025 transactions, yet battery-electric units are charting the fastest 7.15% trajectory on incentives and charging rollouts. Diesel remains the province of logistics fleets, whereas hybrids deliver a transitional option for drivers worried about range.
Malaysia used car market size for xEVs is projected to triple between 2026 and 2031 as charging points climb to 10,000 and tax holidays stay intact through 2025. Dealers are beginning to train technicians in high-voltage servicing to capture the residual-value opportunity once the first wave of mass-market EVs enters secondary circulation.
The Malaysia Used Car Market Report is Segmented by Vehicle Type (Hatchbacks and More), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, and More), Vehicle Age (0 - 2 Years, 3 - 5 Years, and More), Price Segment (Less Than USD 5 000, and More), Sales Channel (Online and Offline), and Ownership (First-Owner Resale and Multi-Owner). Market Size & Growth Forecasts (Value (USD) and Volume (Units)).
List of Companies Covered in this Report:
CARSOME Sdn Bhd myTukar Sdn Bhd Sime Darby Auto Selection UMW Toyota Motor Sdn Bhd (TOPMARK) Mercedes-Benz Malaysia (CPO) Mudah.my Sdn Bhd Carlist.my Caricarz Sdn Bhd BMW Malaysia (Premium Selection) Perodua Pre-Owned Vehicles Proton Certified Pre-Owned Bermaz Auto Pre-Owned TC Euro Cars (Renault) GoCar Subs / GoEV Marketplace EasyCars MUV Marketplace Big Three Auto Motor Trader Malaysia eBid Motors Carsome Certified Lab
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Escalating new-car prices
4.2.2 Digital retail platform expansion
4.2.3 Diverse selection among models
4.2.4 Integrated financing & insurance
4.2.5 OEM-backed CPO programs
4.2.6 Telematics-enabled transparency
4.3 Market Restraints
4.3.1 Counterfeit / illegally imported vehicles
4.3.2 EV residual-value uncertainty
4.3.3 Fragmented inspection standards
4.3.4 Limited aftermarket warranty
4.4 Value / Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
5 Market Size & Growth Forecasts (Value (USD))
5.1 By Vehicle Type
5.1.1 Hatchbacks
5.1.2 Sedans
5.1.3 Sport-Utility Vehicles (SUVs)
5.1.4 Multi-Purpose Vehicles (MPVs)
5.1.5 Others (convertibles, coupes, crossovers, sports cars)
5.2 By Vendor Type
5.2.1 Organised
5.2.2 Unorganised
5.3 By Fuel Type
5.3.1 Petrol
5.3.2 Diesel
5.3.3 Hybrid (HEV & PHEV)
5.3.4 Battery-Electric (BEV)
5.3.5 LPG / CNG / Others
5.4 By Vehicle Age
5.4.1 0 - 2 Years
5.4.2 3 - 5 Years
5.4.3 6 - 8 Years
5.4.4 9 - 12 Years
5.4.5 More than 12 Years
5.5 By Price Segment
5.5.1 Less than USD 5 000
5.5.2 USD 5 000 - USD 9 999
5.5.3 USD 10 000 - USD 14 999
5.5.4 USD 15 000 - USD 19 999
5.5.5 USD 20 000 - USD 29 999
5.5.6 More than or equal to USD 30 000
5.6 By Sales Channel
5.6.1 Online
5.6.1.1 Digital Classified Portals
5.6.1.2 Pure-play e-Retailers
5.6.1.3 OEM-Certified Online Stores
5.6.2 Offline
5.6.2.1 OEM-Franchised Dealers
5.6.2.2 Multi-brand Independent Dealers
5.6.2.3 Physical Auction Houses
5.7 By Ownership
5.7.1 First-owner Resale
5.7.2 Multi-owner
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, SWOT Analysis, and Recent Developments)
6.4.1 CARSOME Sdn Bhd
6.4.2 myTukar Sdn Bhd
6.4.3 Sime Darby Auto Selection
6.4.4 UMW Toyota Motor Sdn Bhd (TOPMARK)
6.4.5 Mercedes-Benz Malaysia (CPO)
6.4.6 Mudah.my Sdn Bhd
6.4.7 Carlist.my
6.4.8 Caricarz Sdn Bhd
6.4.9 BMW Malaysia (Premium Selection)
6.4.10 Perodua Pre-Owned Vehicles
6.4.11 Proton Certified Pre-Owned
6.4.12 Bermaz Auto Pre-Owned
6.4.13 TC Euro Cars (Renault)
6.4.14 GoCar Subs / GoEV Marketplace
6.4.15 EasyCars
6.4.16 MUV Marketplace
6.4.17 Big Three Auto
6.4.18 Motor Trader Malaysia
6.4.19 eBid Motors
6.4.20 Carsome Certified Lab
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security