Perodua expects 20% sales rise in 2022, launches new Myvi

December 6, 2021 (Last Updated December 6th, 2021 11:07)

2022 seen as a year of recovery.

Perodua expects 20% sales rise in 2022, launches new Myvi

Malaysia’s second national car company Perodua expected to sell at least 240,000 vehicles in 2022, up 20% on the 200,000 units it forecast to sell this year, according to CEO Datuk Zainal Abidin Ahmad.

Datuk Ahmad said he expected the domestic vehicle market to peak in the first six months of 2022, as buyers take advantage of the government’s sales and service tax (SST) exemption which is due to expire at the end of June 2022, before slowing in the second half of the year.

Datuk Ahnad said at the launch of the new Myvi small car: “We believe the worst is behind us in terms of Covid-19 related lockdowns and while there are other risks in the market, we see 2022 as a year of recovery.”

The company sold 167,250 vehicles in the first 11 months of 2021, down 14% on the previous year’s 194,980 units, with sales affected by lockdowns earlier in the year.

November sales were down 27% at 20,299 units, due mainly to the Myvi new model changeover.

Meanwhile, the country’s first national car company Proton Holdings said its global sales increased by over 4% to 100,566 units in the first nine months of 2021.