UMW Toyota Motor sees sales increase in spite of semiconductor issues affecting production

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UMW Toyota Motor sees sales increase in spite of semiconductor issues affecting production

UMW Toyota Motor (UMWT) continues to maintain its position in the non-national category with 7,442 units of Toyota and Lexus vehicles sold in May. Added to the cumulative volume for the first 4 months, this brings the company’s total sales in 2022 to 36,972 units at the end of May.

With almost 37,000 units sold, the cumulative volume for the first 5 months of 2022 is 9% higher than for the same period in 2021 which was 34,026 units. This increase is despite the forecast that vehicle sales in Malaysia will be slow for the rest of the year due to shortage of completed vehicles.

While there was no issue of shortage of semiconductors last year to prevent carmakers from completing vehicles, this is the situation in 2022 is making it difficult to achieve higher outputs to meet demand.

The strong demand up till now has also been driven by the expectation that sales tax (or GST) will be resumed after the end of June 2022 (although there are now rumours that it could be extended again). This has persuaded many car-buyers to make their purchase before the end of June in order to enjoy the savings.

“As we rev up for the second half of this year, we at UMW Toyota are truly appreciative and emboldened by the support we have received from our customers. It has always been our policy to put our customers first and we are always ready to extend our assistance to the many Toyota fans as we journey out of these uncertain times. We are looking forward to continued confidence in our products and servicing capabilities, backed by our advanced automotive technology and comforted by the security features of all our products. Here’s to a more positive outlook forging ahead,” said Ravindran K, President of UMW Toyota Motor.

Continuing with the monthly promotions, UMWT has offers worth RM4,000 for those who want to become owners of the Yaris or Vios. There are also money-saving offers for other models in the form of cash rebates.

UMW Toyota has new models in the pipeline for the second half of the year so they are expecting a further increase in numbers.

The company is also looking forward to running the Toyota GAZOO Racing Festival on June 25/26 at the Sepang International Circuit. While the highlight of the event is the Vios Challenge one-make race, there are also other activities for all the family. Entry is free during the two days but the public should observe social distancing and wear facemasks to protect themselves as well as others around them. Click here to read more about the upcoming Toyota GAZOO Racing Festival.