Perodua 3Q robust sales mark automotive supply chain smoothening

Perusahaan Otomobil Kedua Sendirian Bhd (Perodua) saw robust sales for the three months until September 2022, a possible marker that snags in the automotive supply chain have smoothen out.

For the third quarter of this year (3Q22), Perodua sold a total of 69,011 vehicles, up 5% from the quarter before.

“The increase in registration in this quarter (3Q22), shows that most of the major issues within the automotive supply chain have normalised. It is now time to further improve on production as we need to reduce the waiting period for our valued customers,” Perodua president/CEO Datuk Seri Zainal Abidin Ahmad said in a statement released today.

On a quarter-to-quarter comparison, vehicle registration jumped by 216.5% as a lockdown was imposed between June and mid-August last year on nearly all economic activities in the country to curb the increase in Covid-19 cases. Between July and September 2021, Perodua only sold 21,803 units.

On a year-to-date comparison, sales rose by 64.9% to 196,354 units from January to September 2022 when compared with 119,093 units sold in the same period last year.

The popular Perodua Myvi marker is trailed by Proton Holdings which sold 102,353 units year-to-date, giving it an estimated market share of 23.8%.

On a month-on-month comparison, Perodua said its registration of vehicles dropped 5.43% to 24,626 units in September from 26,039 units registered in August 2022 as part of the compact car company’s vehicle registration maximisation plan in the fourth quarter of this year.  
 
“For now, we are focused on increasing our momentum into the fourth quarter of this year as well as maximising production in the first quarter of next year to ensure all our customers who booked their Perodua vehicles during the sales tax exemption period will receive their car on or before 31 March 2023,” said Zainal.

As of 30 June 2022, Perodua said its outstanding bookings eligible for the sales tax exemption was above 200,000 orders.

On production, Perodua said it achieved its highest monthly production so far this year of 29,077 units in September, while year-to-date (January to September 2022) numbers stood at 206,837 units. — TMR