UMW Group's automotive sales up 41% m-o-m in August 2022

UMW Holdings Bhd president and group CEO Datuk Ahmad Fuaad Kenali. (Photo credit: UMW Holdings Bhd)

KUALA LUMPUR (Sept 14): The UMW Group’s automotive sales jumped by 41% month-on-month in August 2022, driven by both UMW Toyota Motor (UMWT) and UMW’s associate company, Perodua.

In a statement on Wednesday (Sept 14), the automotive group said it delivered 35,130 units in August this year, compared to 24,983 units registered in July.

For the first eight months of 2022, the UMW Group said it delivered a total of 233,367 units, 63% higher year-on-year than the 143,018 units in 2021 period, which was affected by the implementation of the Full Movement Control Order (FMCO) from June 1 to Aug 15, 2021.

It said UMWT achieved its highest sales for 2022 with the delivery of 9,091 units in August this year, a 37% increase compared with 6,637 units registered in July.

The group said UMWT continued exciting offers for the purchase of selected Toyota Vios and Yaris variants until the end of September, as part of its Merdeka and Malaysia Day campaigns.

Year-to-date up to August 2022, UMWT registered 61,639 units, 62% higher than the 38,085 units registered in the corresponding period of 2021.

The company said since the commencement of order-taking for the all-new Toyota Veloz on June 24 this year, UMWT has received encouraging response with approximately 5,200 bookings for the model, which will be launched soon.

Meanwhile, it said Perodua’s sales grew by 42% to 26,039 units in August this year, compared to 18,346 units registered in July, due to improvement in the supply chain.

It said Perodua Bezza, Myvi and Axia were the best-selling models, contributing 69% to total sales.

For the first eight months of 2022, Perodua registered 171,728 units, a strong 64% growth compared with the 104,933 units registered in the corresponding period of 2021.

As of Sept 2, UMW Group said the recently-launched all-new Perodua Alza had garnered over 51,000 bookings, with 7,682 units delivered up to August this year.

UMW Holdings Bhd president and group CEO Datuk Ahmad Fuaad Kenali said with the encouraging number of bookings due to improving demand, both UMWT and Perodua will continue to ramp-up production to deliver the cars.

“We are confident of achieving our sales targets for the year, based on the encouraging bookings, as well as the easing of semiconductor chips shortage and improving supply chain,” he said.

At 12.04pm on Wednesday, shares in UMW Holdings Bhd gained 3 sen to RM3.13, with 203,700 shares done.