sales Archives

UMW Toyota Motor Sees Strong Sales and Community Engagement in May 2024

UMW Toyota Motor Sdn Bhd (UMWT) reported a successful month in May 2024, achieving total monthly sales of 8,422 units for both Toyota and Lexus brands with the Toyota Vios and Corolla Cross being the two best-selling models. This brings the total year-to-date sales to 39,211 units.

Commitment to Community and Environmental Sustainability

UMWT remains dedicated to community engagement and environmental sustainability, as demonstrated by its various initiatives. The 23rd Toyota Eco Youth (TEY) program, launched in collaboration with the Ministry of Education, is a key example. This national-level program empowers students aged 13 to 17 from 16 schools across Malaysia. The initiative promotes Toyota’s 8 Steps Problem-Solving Method (PSM) to develop critical thinking and problem-solving skills. Since its inception in 2001, the TEY program has engaged over 300,000 students from 521 schools, fostering a legacy of environmental stewardship. TEY 2024/2025 offers cash prizes totalling up to RM80,000, incentivising innovative solutions and aligning with UMWT’s environmental action plan to achieve zero CO2 emissions by 2050.

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Proton Registers 13.6% Sales Growth in May Amid Positive Market Sentiment

Proton has reported a significant 13.6% increase in sales for May, with 12,522 units (domestic and export) sold. This surge has cemented the company’s second position in the national automotive sales ranking, achieving a forecast market share of 19%. The company’s sales for the first five months of the year closed at 62,697 units.

The growth in Proton’s sales aligns with the overall trend in the Total Industry Volume (TIV), which is estimated to have grown by 20.7% to approximately 70,000 units in May. The year-to-date (YTD) TIV figure is estimated at 330,236 units, marking an 8.8% increase over 2023.

Export Sales Surge

Proton’s efforts to expand into international markets, including Trinidad and Tobago, Bangladesh, and Iraq, have been fruitful, with export sales reaching 509 units in May—the highest shipment recorded for 2024 so far. Since February, the best-selling export model has been the Proton Saga, leading with 360 units exported in May. Cumulative export sales have reached 1,344 units since January.

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Proton’s Strong Start to 2024: Best January Sales Since 2013

Proton has achieved its best January sales performance since 2013 by selling 12,882 units (domestic and export). This marks a 1.3% increase compared to December 2023 and a significant 10.3% increase compared to January of the previous year. With this strong start, Proton comfortably retains the second position in the sales table, and its estimated market share for the month is 19.5%, showing a 3.3% increase from the previous month.

The Total-Industry-Volume for January is estimated to be 66,134 units, reflecting a decline of 15.6% compared to December. This drop is attributed to the traditional year-end push for higher vehicle sales in December 2023.

The newly launched Proton S70 has made a notable impact, with 1,442 units delivered in January and over 8,000 bookings. The model has received a positive response from customers and has already made its way to an export market in Brunei, with 15 units delivered ahead of its official launch this month.

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Malaysian Car Sales Projected to Dip to 625,000 in 2024

In a recent report, RHB Research forecasts a decline in the total industry volume (TIV) for car sales in Malaysia, estimating a decrease to 625,000 units in 2024 after achieving a historic high of 799,000 in 2023. The research firm remains circumspect about the industry’s outlook, citing a lack of compelling factors to propel sales and earnings to new peaks.

As reported by NST, the year 2023 witnessed a robust performance, with the total production volume reaching 774,000 units. This surge was attributed to pent-up demand and the introduction of new car models. Notably, the second half of the year experienced an 18% uptick in TIV compared to the first half.

RHB Research attributes the exceptional sales performance in 2023 to pent-up demand and underscores the absence of similar catalysts in 2024. The research maintains a neutral stance on the auto and auto parts industry, with Bermaz Auto (BAUTO) identified as a top pick due to its 10% yield and resilient car sales.

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BYD Achieves Record Sales of 3.02 Million NEVs in 2023

Chinese automaker BYD has reported a significant milestone in its electric vehicle (EV) sales, with a record-breaking 3,024,417 new energy vehicles sold in 2023. This figure represents a remarkable year-on-year increase of 62.3%, surpassing the previous year’s sales record of 1,863,494 vehicles.

The impressive growth in sales is attributed to BYD’s commitment to new energy vehicle production, with 3,045,231 units manufactured in 2023—a 62.2% increase compared to the previous year. The commercial vehicle segment played a crucial role, recording sales of 11,511 units, including electric buses, trucks, and other vehicles, experiencing a notable uptick of 88.2%.

In the passenger car business, BYD’s sales reached 3,012,906 units, marking a year-on-year increase of 62.2%. Notably, the sales of pure electric models surged, totalling 1,574,822 units with a robust year-on-year growth of 72.8%. Battery electric vehicles (BEVs) accounted for 52.3% of total passenger car sales, reflecting increasing consumer preference for electric mobility.

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Perodua Reports 28.3% Sales Increase in Q3 2023

Perodua has reported a remarkable 28.3% increase in sales for the third quarter of 2023, compared to the same period in 2022. In this quarter, Perodua sold 88,537 units, a substantial growth from the 69,011 units sold during the third quarter of 2022.

This surge in sales can be attributed to Perodua’s efforts to enhance production operational efficiency. In the third quarter of 2023, Perodua manufactured a total of 91,528 units, marking an impressive increase of 21.7% when compared to the 75,196 units produced during the same period in 2022.

The third quarter of 2023 marked the beginning of an initiative to boost the company’s monthly production to over 30,000 units per month. This became possible as supplies of raw materials and parts could finally meet the rising demand.

For the year-to-date figures, Perodua has produced 245,341 units as of September 2023. This represents a substantial 18.6% increase from the 206,837 units produced during the same period in the previous year. This growth showcases the potential of the Malaysian automotive ecosystem, as it continues to enhance economies of scale without compromising quality and cost efficiency.

In terms of year-to-date registrations, Perodua reported 233,227 units for the first nine months of 2023, compared to 196,354 units for the same period in the previous year. Among these registered units, the most popular Perodua model during this period was the Perodua Bezza, followed by the Perodua Axia and the Perodua Myvi.

Perodua is on track to achieve its registration target of 314,000 units for this year. In September 2023, the company registered 28,995 units, marking a 17.7% increase compared to the same month in 2022. In terms of production, Perodua manufactured 31,447 cars in September 2023, reflecting a 8.2% increase from the 29,077 units produced in September 2022.

VinFast Reveals Most EV Sales Are Linked To Related Party

VinFast, a Vietnamese electric vehicle (EV) manufacturer, has raised eyebrows due to its sales distribution. Reports indicate that over half of VinFast’s electric vehicles sold this year, approximately 7,100 units out of 11,300, were purchased by Green and Smart Mobility (GSM), a Vietnamese taxi company. GSM is under the umbrella of Vingroup, the parent company of VinFast. This data was disclosed in VinFast’s filings to the US Securities and Exchange Commission in July and September.

VinFast made headlines when its stock price soared dramatically after its listing through a special purpose acquisition company (SPAC) in the previous month. Despite having sold only 24,000 vehicles in the entire previous year, at one point in September, the company’s market capitalization reached a staggering $200 billion. This valuation briefly placed VinFast among the world’s most valuable automakers, surpassing established giants like Volkswagen, Ford, and General Motors, despite the latter’s significantly larger sales volumes.

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Proton Maintains Sales Growth As Of July 2023

Proton continued its impressive sales trend in July with 13,326 (domestic + export) units sold, building on a solid first half of 2023. The amount represents a 16.1% rise over July 2022 and contributes to year-to-date (YTD) sales of 90,647 units, the company’s first breach of the 90,000-unit threshold since 2012 and a 26.6% increase over the prior year. Market share for July is anticipated to be 20.5%, bringing the year-to-date market share to 21%.

The success of Proton is set against a background of rising vehicle sales, with total industry volume (TIV) for July predicted to reach 64,864 units. This raises the monthly total by 29.9% over the corresponding month in 2022 and raises the year total by 12.9%. As a result, Proton’s sales performance through July of this year had been 14% better than the industry average.

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New Record For Vehicle Sales In March 2023

March was the final month for delivery of new vehicles that were exempted from sales tax, the provision having been allowed by the Finance Ministry after the tax exemption ended on June 30, 2022. Understanding that the demand had been very great as many people wanted to save on the sales tax, and production was not sufficient to fulfill the orders by the deadline, the ministry allowed the car companies until March 31, 2023 to deliver the vehicles booked before the deadline.

The 9-month allowance was certainly appreciated as the industry had production disruptions due to shortages of parts, especially microprocessors. During the second half of last year, vehicle output was inconsistent even though efforts were being made to maximise the numbers, with priority being given to the tax-exempted orders.

Furthermore, March is also the end of the financial year for some car companies and there is usually a final strong push to end the financial year with the best numbers. Thus the March Total Industry Volume (TIV) of new vehicles shot up by 24% to reach 78,849 passenger and commercial vehicles.

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Hap Seng Star Opens Upgraded Mercedes-Benz Autohaus in Bukit Tinggi, Klang

The Klang Valley has the largest concentration of motor vehicles in the country and obviously, also a large proportion of Mercedes-Benz vehicles. For this reason, the network of outlets – known as Autohaus – is quite extensive in the Klang Valley to serve the many customers.

In Bandar Parklands, near Klang, Hap Seng Star has a Mercedes-Benz Autohaus in the Bukti Tinggi area which was set up in view of the prominent and established township. “We want to be where our customers are, and deliver to them the best customer services and retail experience. In today’s context, we are cognisant that the customer experience is equally as important as the product offering, and thus, together with Mercedes-Benz, we aim to capitalise on the immense auto business opportunities within the Bukit Tinggi region and growing it into a significant auto hub in the years to come,” said Harald Behrend, Group Chief Operating Officer of Hap Seng Consolidated Berhad and Chief Executive of Hap Seng Group’s Automotive Division.

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sales

UMW Toyota Motor Sees Strong Sales and Community Engagement in May 2024

Proton Registers 13.6% Sales Growth in May Amid Positive Market Sentiment

Export Sales Surge

Proton’s Strong Start to 2024: Best January Sales Since 2013

Malaysian Car Sales Projected to Dip to 625,000 in 2024

BYD Achieves Record Sales of 3.02 Million NEVs in 2023

Perodua Reports 28.3% Sales Increase in Q3 2023

VinFast Reveals Most EV Sales Are Linked To Related Party

Proton Maintains Sales Growth As Of July 2023

New Record For Vehicle Sales In March 2023

Hap Seng Star Opens Upgraded Mercedes-Benz Autohaus in Bukit Tinggi, Klang

UMW Toyota Motor Sees Strong Sales and Community Engagement in May 2024

Proton Registers 13.6% Sales Growth in May Amid Positive Market Sentiment

Proton’s Strong Start to 2024: Best January Sales Since 2013

Malaysian Car Sales Projected to Dip to 625,000 in 2024

BYD Achieves Record Sales of 3.02 Million NEVs in 2023

Perodua Reports 28.3% Sales Increase in Q3 2023

VinFast Reveals Most EV Sales Are Linked To Related Party

Proton Maintains Sales Growth As Of July 2023

New Record For Vehicle Sales In March 2023

Hap Seng Star Opens Upgraded Mercedes-Benz Autohaus in Bukit Tinggi, Klang

Archive

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Mercedes-Benz Malaysia Unveils New AMG Lineup: G63, SL63, GLE 63 S and GLC 43

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