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high quality apple developer account:UMW records healthy automotive sales in January

admin2021-02-168

KUALA LUMPUR: UMW Group is encouraged over its sales performance in 2021 with both UMW Toyota Motor and Perodua registering healthy January sales numbers on the back of the extension of the sales tax exemption initiative.UMW Toyota Motor recorded sales of 3,845 units in January, which was 4.1% higher than 3,695 units in the same month last year while Perodua sold 16,984 units, slightly lower than 17,481 recorded in January 2020.Over the month, the Toyota Vios, Yaris and Hilux remained UMW Toyota Motor's best-selling models. Improved versions of the Vios and Yaris were launched on Dec 17, 2020.The distributor also introduced the updated Toyota Fortuner and Innova on Feb 2, which will further enhance its product offerings.Meanwhile, Perodua targets to sell 240,000 units in 2021, which will be a 9% increase over the 220,163 units sold last year.The automaker also plans to increase its production to 272,000 vehicles this year, which will lead to a record purchase of RM6.5bil worth of locally sourced components in 2021.According to UMW, the sustained demand for automotives was owing to the government's extension of the sales tax waiver for locally assembled cars and the 50% sales tax exemption on imported cars to June 30, 2021.Moving forward, the Malaysian Automotive Association has forecast that the total industry volume (TIV) will grow nearly 8% to 570,000 units in 2021, underpinned by the projected GDP growth of between 6.5% and 7.5% in 2021 and continued support from the government.“We are indeed grateful that the government had allowed the car assembly, showroom and service centre operations to continue with strict compliance to the standard operating procedure under the Movement Control Order 2.0."We are also thankful to the government for extending the sales tax exemption incentive to 30 June 2021, which has enabled the Group to register healthy sales in January," said UMW Holdings president and group CEO Datuk Ahmad Fuaad Kenali.
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