Perodua sold 61,624 cars in Q1 2022, urges government to extend SST exemption period

Perodua has just reported its sales performance for the first quarter of 2022, which saw a total of 61,624 units sold, marking a 6.4% increase in sales over the same period last year (57,909 units).

The figure is bolstered by a healthy sales performance of 26,759 units in March alone, which translates to a 9.5% increase over the same period last year, and a 53.2% increase over February.

Perodua also boasted that its March sales figure is just a whisker away from its record monthly sales figure of 27,858 units, which it achieved in October last year.

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Perodua President and Chief Executive Officer, Dato’ Zainal Abidin Ahmad said the effects of Covid-19 and component supply issues are still present currently. However, the company was able to work with its suppliers and dealers to reduce the impact.

“Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022,” he said.

In a statement today, Dato’ Zainal said that he expects the second quarter of 2022 to be the “highlight of the automotive industry”, as car brands are trying to deliver as many vehicles as they can within the three-month period before the scheduled end of the sales tax exemption period.

“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,” he added.

As such, the company is forging forward with its 2022 sales target of 247,800 units – a massive 37.5% jump compared to its 2021 sales figures.

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With that being said, the company is still hoping that the government would consider extending the sales tax exemptions period once again past its original scheduled end date, as requested by the Malaysian Automotive Association (MAA).

“Perodua also echoes MAA’s request to further extend the sales tax exemptions as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry,” he said, adding that the initiative was key in sustaining the industry and its local ecosystem throughout the worst of 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,” Dato’ Zainal added.


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