CEO Morning Brief

UMW Group's January-October Auto Sales Up 17% Y-o-y to 354,505 Units

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Publish date: Tue, 21 Nov 2023, 08:48 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (Nov 20): UMW Group’s strong automotive sales momentum continued in October this year, with the registration of a record 44,767 vehicles as both UMW Toyota Motor (UMWT) and UMW’s associate company, Perodua, continued to deliver their outstanding orders.

In a statement on Monday, the automotive group said its January to October sales increased by 17% to 354,505 units from the 302,356 units registered in the same period of 2022.

It said UMWT registered 10,931 units in October, its highest monthly sales in the last five years.

This was also 18% higher than the 9,281 units registered in October last year.

In the January to October period this year, UMW said UMWT registered 87,442 units, recording a 9% growth compared with the 80,153 units registered in the corresponding period of 2022.

To refresh its model lineup, it said UMWT launched the all-new Toyota Vellfire (priced from RM438,000) and Toyota Alphard (priced from RM538,000) on Oct 23, 2023.

Meanwhile, Perodua registered 33,836 units in October this year, its highest-ever monthly sales, as it continued to ramp up production supported by the improving supply chain.

UMW said this was also 31% higher compared with the 25,849 units delivered in October 2022.

For the January to October period this year, Perodua’s sales surged to 267,063 units, 20% higher than the 222,203 units delivered in the same period of 2022.

Perodua’s top selling models in these 10 months were Bezza, Axia and Myvi.

UMW Holdings Bhd’s officer-in-charge Megat Shahrul Azmir said year-to-date, both companies have continued to register higher sales compared with the same period of 2022.

“We are confident that both companies will achieve their sales targets for 2023 based on the outstanding bookings as well as the sustained demand for new vehicles,” he said.

Source: TheEdge - 21 Nov 2023

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