by BERNAMA / pic by MUHD AMIN NAHARUL
UMW Toyota Motor (UMWT), a subsidiary of UMW Holdings Bhd, sold 6,468 units in October 2020, an increase of 15.4 per cent from the 5,605 units it sold in September.
In a statement today, UMW said top sales contributors for October were Toyota Vios, Yaris and Hilux.
It said the sales tax exemption announced by the government, effective June 15 until Dec 31, this year has helped to lift sales in the second half of the year.
The group’s automotive market share is estimated at 58 per cent in October, a significant increase from the 51.4 per cent registered in 2019.
Given the improved sales achieved by both UMWT and its 38 per cent-associate company Perodua in the month of October, UMW is on track to meet its full-year sales target.
“Having already sold 43,807 units for the first ten months of 2020, UMWT is on track to achieve its revised sales target of 53,000 units for the year,” it said.
Meanwhile, it said Perodua once again broke its monthly sales record in October, with a total registration of 26,852 units or 7.3 per cent increase from the 25,035 units last month.
According to UMW, for the first 10 months of 2020, Perodua sold 171,864 units or 81.8 per cent of its target to sell 210,000 units for the year, with its two plants running almost at maximum capacity since August in order to meet the strong demand.
“We are confident that the strong sales momentum would sustain until the end of the year, for us to achieve our sales targets for the year,” said UMW president and group chief executive officer Datuk Ahmad Fuaad Kenali.
He said the group managed to stage a strong recovery in the second half of the year, thanks to the sales tax exemption implemented by the government to boost the local automotive industry following disruptions caused by COVID-19.