Business

UMW auto sales surge 64% in Oct as MCO restrictions ease

Group expects automotive sales recovery to be sustained through year-end, helped by new models, promotions

Updated 4 years ago · Published on 12 Nov 2021 9:15AM

UMW auto sales surge 64% in Oct as MCO restrictions ease
UMW says Toyota Vios continues to be the marque’s bestselling model for October, followed by the Hilux and Yaris models. – Toyota.com pic, November 12, 2021

KUALA LUMPUR – The UMW Group’s automotive sales jumped 64% to 36,358 units in October 2021 compared with 22,193 units sold in September as both UMW Toyota Motor (UMWT) and associate company Perodua continued with their sales recovery amid easing restrictions.

“The group expects the automotive sales recovery to be sustained through November and December, supported by the introduction of new models and year-end promotions. 

“We are thankful to the government for the extension of the sales tax exemption as announced in the recent Budget 2022, which we believe will continue to hasten the recovery of the local automotive industry,” UMW Holdings Bhd president and group chief executive officer, Datuk Ahmad Fuaad Kenali said in a statement.

Last month, UMWT registered sales of 8,500 units or 5.8% higher than the 8,033 units sold in September with Toyota Vios continuing to be the marque’s bestselling model for October, followed by the Hilux and Yaris models. 

Year-to-October 2021, UMWT sold 54,618 units, 24.7% more than the 43,807 units registered in the corresponding period last year, the company said in a statement.

In October, Perodua registered record-breaking monthly sales of 27,858 units, an impressive recovery from the 14,160 units registered in September 2021.

Perodua Myvi was its bestseller for the month, followed by the Axia and Bezza. 

In terms of production, October also saw the highest number of vehicles it ever produced within a month at 29,803 units. 

For the ten-month period, Perodua delivered a total of 146,951 units, 14.5% lower than the 171,861 units registered in the corresponding period of 2020, mainly due to the movement control orders and partly due to the semiconductor chip shortage. – Bernama, November 12, 2021

Related News

Business / 2y

Geely to increase investment, strengthen Malaysia as a vehicle manufacturing hub

Business / 3y

PNB confirms UMW, Sime Darby proposed consolidation

Business / 3y

UMW Group’s automotive sales soar by 12% in first half of 2023

Business / 3y

RHB IB keeps ‘overweight’ call on auto, auto parts

Business / 3y

Chery Automobile partners up with Sime Darby for local vehicle assembly

Motoring / 3y

UMW Toyota Motor launches All-New Toyota Vios

Spotlight

Malaysia

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

Business

Oil slips on Trump’s Iran remarks, but supply risks and strong US dollar keep markets on edge

Business

Malaysia draws US$9.5b in orders for US$1.5b sukuk, cuts borrowing costs

Business

Budget 2027 channels RM270m to SMEs through crowdfunding, P2P financing

Business

Budget 2027 targets foreign e-commerce platforms, channels billions into local firms and startups