Malaysia Used Car Market Share

Market Share of Malaysia Used Car Industry

The Malaysian used car market is moderately fragmented owing to its competitive nature and the presence of a large number of players operating across the country. These players are estimated to focus on expansion, fleet upgradation, collaborations, etc., to strengthen their position in the market. For instance,

• In July 2023, the Malaysian national carmaker Proton established strategic alliances with three e-bidding companies (EBC), namely, myTukar, MUV, and Carsome, to enhance the trade-in car disposal process for customers.

Malaysia Used Car Market Leaders

1. Mudah.my Sdn Bhd

2. CARSOME Sdn Bhd

3. myTukar Sdn. Bhd.

4. MT Digital Sdn Bhd

5. Caricarz Sdn Bhd

*Disclaimer: Major Players sorted in no particular order