UMW’s automotive sales slipped in November

By AFIQ AZIZ / Pic By MUHD AMIN NAHARUL

UMW Holdings Bhd’s automotive segment posted slightly lower sales in November compared to the previous month.

In a statement yesterday, the conglomerate announced that its UMW Toyota Motor Sdn Bhd (UMWT) sold 6,267 units last month, down 2.9% compared to 6,468 cars sold in October.

UMW associate company Perusahaan Otomobil Kedua Sdn Bhd (Perodua) registered sales of 23,119 units in November, 13.9% lower than its highest monthly sales reported in October of 26,852 units.

The group remains optimistic that its automotive segment is on track to meet its full-year sales targets, as its automotive division has steadily recovered from the adverse impact to sales as a result of the Covid-19 containment measures earlier this year.

UMW attributed the recovery to the six-month sales tax exemption incentive announced by the government, effective from June 15, 2020 to Dec 31 2020.

“Having sold 6,267 units in November 2020, UMWT achieved a total sales of 50,074 units for the first 11 months of 2020 (11M20), and is poised to exceed its revised sales target of 53,000 units,” the company said.

For the 1120, Perodua sold 194,983 units, achieving close to 93% of its target of 210,000 units for the year.

UMW president and group CEO Datuk Ahmad Fuaad Mohd Kenali (picture) said the group will continue to leverage the sales tax exemption which has greatly benefitted the automotive sector.

“With the impressive sales achieved by both UMWT and Perodua year-to-date (YTD), we are confident that the momentum will continue in December to achieve our revised sales targets for the year,” he said in the statement.

He said the Toyota Vios, Yaris and Hilux continue to be UMWT’s best-selling models YTD. The newly-revised Vios was launched on Nov 16, 2020, shortly after the launching announcement of the newly-revised Yaris.

The Myvi continues to be Perodua’s best-seller YTD, followed closely by the Axia and Bezza.

UMW said Perodua will prioritise meeting the outstanding orders by year-end.

Last month, Malaysian Automotive Association (MAA) said vehicle sales in Malaysia surged 5.2% to 56,670 in October this year, up from 53,870 units in the same month last year, attributed to the launch of new models and ongoing aggressive promotion campaigns by car companies.

MAA maintained its total industry volume (TIV) forecast at 470,000 units for 2020, attributed to the cautious consumers’ sentiment that will continue to impact car sales performance.

The association earlier revised downwards its 2020 TIV forecast to 400,000 units in April, from 607,000 units previously due to negative implications of the Covid-19 pandemic.