Car Buyer's Guide
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Overview

The Toyota Hiace is a commercial van for operators needing either a compact two-seat cargo carrier or a 10-seat long-wheelbase people mover. This Mk5 generation launched in 2006 and remains on sale in Malaysia with diesel power. Prices start from RM123,000 for the Panel Van 2.5 Turbo Diesel.

Hiace in 2026 — what's new

The 2026 Toyota Hiace carries on unchanged. Toyota’s October 2025 Hiace Concept previews a next-generation commercial van with a pillarless side and full-width display, but it is not a Malaysian production update. The 2006-launched Mk5 remains the Malaysian model, sold as the two-seat Panel Van 2.5 Turbo Diesel and the 10-seat SLWB. The SLWB uses a 2.755-litre diesel and automatic transmission.

Variants (2)

RM123,000–RM169,000 · est. from RM1,255/mo

Which variant to buy

For most cargo-focused buyers, the RM123,000 Panel Van 2.5 Turbo Diesel is the logical Hiace: it has two seats, a manual gearbox and AWD. Pay RM169,000 for the SLWB only if carrying people is central to the job. The RM46,000 gap brings 10 seats, a 2.755-litre 175 hp diesel, RWD and an automatic, against the Panel Van’s 2.494-litre 101 hp diesel. These are two distinct working tools, not merely different trims.

Previous model years (12)

Verdict

The Hiace gives Malaysian operators a clear split between a two-seat AWD panel van and a 10-seat automatic long-wheelbase model. But it is expensive in its class: the Nissan NV200 starts from RM79,800 and the Maxus V80 from RM102,076, both below even the entry Hiace. Its age is also plain, as Toyota’s 2025 concept points towards a future successor rather than a refresh of this Mk5.

Buying a new Hiace? Sell your old car, get paid in 24 hours

Toyota Hiace sales in Malaysia

1,125 registered so far in 2026 — Malaysia's #52 best-selling model this year.

256 Jul 2025 Jun 2026 Full Hiace sales data, month by month →

Toyota Hiace resale value

What a used Hiace holds of its price, by registration year: the trade-guide value insurers and dealers reference, and the price the market typically asks.

A three-year-old Hiace holds about 88% of its original value — stronger than the market average of 64%. The slower the line falls, the better it holds its value.
0% 50% 100% 1 2 3 4 5 6 7 8 9 10 Age (years)
Toyota Hiace Market average
Year Trade guide Typical asking Holds
2026 RM123,000 100%
2025 RM105,100 85%
2024 RM98,900 80%
2023 RM86,600 RM99,300 (14) 88%
2022 RM76,400 RM87,800 (5) 90%
2021 RM73,100 RM84,800 (8) 87%
2020 RM71,000 RM78,800 (5) 80%
2019 RM73,800 RM79,800 (13) 73%
2018 RM70,900 RM79,800 (9) 73%
2017 RM64,900 RM68,800 (16) 63%

Trade-guide and market listing data, West Malaysia. Actual prices vary with condition, mileage and variant; "holds" compares against that year's new price.

Rivals to consider

same class, similar money

Toyota Hiace FAQ

How much is the Toyota Hiace in Malaysia?

The Toyota Hiace costs from RM123,000 for the Panel Van 2.5 Turbo Diesel. The 10-seat SLWB costs RM169,000.

Which Toyota Hiace variant should I buy?

Choose the Panel Van 2.5 Turbo Diesel for two-seat cargo work, AWD and a manual gearbox. Choose the SLWB only when you need its 10 seats and automatic transmission.

Is the Toyota Hiace a new-generation model in 2026?

No. The Malaysian Hiace remains the Mk5 generation launched in 2006. Toyota’s 2025 Hiace Concept previews a next-generation van, but it is not the current production model.

How many seats does the Toyota Hiace have?

The Panel Van 2.5 Turbo Diesel has two seats. The SLWB has 10 seats.

Latest Toyota Hiace news

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