Perodua 1Q22 sales rise, but calls for extension of sales tax exemption

The company registered 26,759 vehicles in March 2022, a 9.5% increase over the 24,433 units sold in March 2021 


PERUSAHAAN Otomobil Kedua Sdn Bhd (Perodua) posted a healthy growth in sales for the first quarter of 2022 (1Q22), with 61,624 vehicles registered, marking an increase of 6.4% from 57,909 vehicles sold between January and March of 2021. 

Perodua president and CEO Datuk Zainal Abidin Ahmad said, while the impact of Covid-19 and component supply issues were still present, the auto company was able to work with its suppliers and dealers to lessen their impact. 

Perodua registered 26,759 vehicles in March 2022, a 9.5% increase over the 24,433 units sold in March 2021, compared to February, March sales jumped 53.2% month-onmonth (MoM) from 17,421 units registered in February. 

“Our focus is now to expedite delivery of vehicles to customers before the sales tax exemption deadline ends on June 30, 2022. 

“Perodua also echoes the Malaysia Automotive Association request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry,” he stated in a release yesterday. 

Perodua’s highest monthly sales achievement was recorded in October 2021, with 27,858 units registered. 

Zainal added that the automotive industry was able to keep demand high including its local ecosystem and sustain the industry throughout the worst of the pandemic due to the government initiatives such as the sales tax exemption. 

He added that the local automotive ecosystem is starting to recover and an extension of the sales tax exemption is what the industry needs for sustained growth during this recovery period. 

“We foresee 2Q22 to be the highlight for the automotive industry as brands will deliver as many vehicles as they can within the threemonth period. 

“While semiconductor chip supply and Covid-19 would still influence production, we expect production and registration will continue to improve. We do not foresee factors such as the Russia-Ukraine conflict to have a major impact on Perodua’s production moving forward. 

“Based on these factors, we are maintaining our 247,000 sales target for this year,” Zainal stated. 

Yesterday, Proton Holdings Bhd announced its sales grew 41.2% MoM in March 2022 to 13,028 units, equivalent to a forecast market share of 19%. 

For 1Q22, the carmaker saw sales falling by 18.6% year-on-year (YoY) to 26,706 units due to a series of challenges, such as the floods which had affected local vendors, disruptions in logistics and chip shortages. 

Proton managed to capture a market share of 17.5% in 1Q, allowing it to claim the number two spot in the nation’s automotive sales ranking. 

Although March 2022’s sales fell 13% YoY, sales of the Proton Saga, a model that was severely affected in January, hit 6,422 units in the month, registering its best performance since November 2013.