Perodua Manages Challenges To Post Sales Growth In 1Q 2022

Perodua managed to show healthy sales growth in the first quarter of 2022 despite challenges to production and sales. In 1Q2022, the company registered 61,624 vehicles, making it a year-on-year increase of 6.4% (57,909 vehicles sold in January – March 2021).

On a month-on-month comparison, Perodua registered 26,759 vehicles in March 2022 which is a 9.5% increase from the 24,433 vehicles sold in March last year. Compared with February 2022, March sales jumped 53.2% from the 17,421 vehicles it sold in the preceding month. Perodua’s highest monthly sales achievement thus far is October 2021 when it sold 27,858 vehicles.

“Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022,” Perodua President and Chief Executive Officer, Dato’ Zainal Abidin Ahmad commented. “Moving forward, we foresee the second quarter of 2022 to be the highlight for the automotive industry as brands will deliver as many vehicles as they can within that three-month period”.

He added that Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and COVID-19 are still impacting the industry. The company is working closely with its suppliers and dealers to manage the effects on its production and sales.

Dato’ Zainal also said that the automotive industry, including its local ecosystem is thankful to the government for the sales tax exemption initiative to help boost automotive sales and sustain the industry through the pandemic.

“Right now, the local automotive ecosystem is starting to recover and an extension in the sales tax exemption is what the industry needs for sustained growth during this recovery period,” he elaborated. “While semiconductor chip supply and COVID-19 would still influence production, we expect that production and registration will continue to improve. We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.”

As of now, Perodua will still be maintaining their initial sales forecast of 247,000 vehicles for this year.