In light of the weak ringgit, rising cost of living, tightened lending guidelines and other factors, the Malaysian Automotive Association forecasts the Total Industry Volume (TIV) to suffer a year-on-year drop of 2.5 percent this year.

In announcing the "Market Review for 2015 and outlook for 2016", association president Aishah Ahmad said the forecast for TIV in 2016 will be 650,000 unit sales.

This is in contrast to the 666,674 units sold in 2015, or a predicted drop in the sales of 16,674 units this year.