KUALA LUMPUR: UMW Holdings Berhad exceeded its vehicle sales targets in 2020 following strong sales achieved by both UMW Toyota Motor (UMWT) and its 38% associated company, Perodua. The sales tax exemption announced by the government effective from June 15 last year boosted demand and drove sales in the second half of the year.
UMWT registered its highest monthly sales for the year with 9,246 units in December 2020, culminating in total sales of 59,320 units for 2020.
This exceeded its 53,000-unit sales target by 6,320 units or 11.9%, with Toyota Vios, Yaris and Hilux being UMWT’s best-selling models for the year. Further, UMWT officially launched the newly-enhanced Toyota Vios as well as Yaris on 17 December 2020 and on the same day premiered the Toyota GR Yaris and Vios GR-S, as part of the Gazoo Racing line-up.
These new models coupled with the planned new and exciting model launches are expected to drive sales in 2021.
Meanwhile, Perodua sold 25,171 units in December 2020, its second highest monthly sales for the year. This resulted in Perodua achieving total sales of 220,154 units for 2020, beating its target of 210,000 units for the year by 10,154 units or 4.8%. Perodua Myvi, Axia and Bezza continue to be its best-selling models in 2020.
UMW Holdings Bhd’s president and group CEO, Datuk Ahmad Fuaad Kenali said the sales tax exemption and its extension to June 40 would hasten the recovery of the automotive sector.
