Automotive Sales Momentum To Continue Into 4Q

UMW Holdings Bhd’s President and Group CEO, Dato Ahmad Fuaad Kenali says he expects the automotive sales momentum which started with the ease of the Full Movement Control Order (FMCO) restrictions, to continue well into the fourth quarter this year.

“UMW expects the automotive sales momentum to continue for the remainder of the year especially with the extension of the sales tax exemption to 31 December 2021. 

“We are appreciative of the Government’s continuous support of the automotive sector to hasten its recovery.  We wish to also express our appreciation and thank you to our customers for their continuing support of our products and services despite the challenges.”

Ahmad Fuaad thanks the government for the easing of FMCO restrictions and allowing the automotive sector to resume operations.  

He says currently the company have a healthy level of outstanding bookings and will be focusing on ramping up production to, “ensure timely delivery to our customers whilst ensuring full compliance with the Standard Operating Procedures (SOPs).

“Our domestic parts and components suppliers have also resumed operations as well as having secured our planned Completely Knocked Down (CKD) parts to meet our customers’ demand.”

On the other hand, the UMW Group recorded automotive sales of 9,512 units in August 2021, significantly higher than the 2,105 units registered in July 2021, as showrooms and automotive assembly plants resumed operations from 16 August 2021 following the easing of the FMCO restrictions. 

Both, UMW Toyota Motor and its associate company Perodua registered improved sales in August despite operating for less than half the month.

UMWT delivered 2,524 units in August 2021, 74% higher than the 1,450 units registered in July 2021.  Toyota Vios, Yaris and Hilux continue to be UMWT’s best-selling models, cumulatively contributing 69% of total sales for the month of August 2021. 

Year-to-date August 2021, UMWT sold a total of 38,085 vehicles, 20% higher than the 31,734 units registered in the corresponding period of 2020.

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