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Perodua Sales Up 30 Pct to 57,200 Units In Q1

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KUALA LUMPUR – Perusahaan Otomobil Kedua Sdn Bhd (Perodua) sold 57,200 units of cars in the first quarter (Q1) ended March 31, 2015, up 30 per cent from 44,024 units in the same quarter of 2014, due to strong demand for its current models.

“March represented our highest monthly sales record with an expected market share of 34 per cent based on our estimated total industry volume of 65,500 units in March,” said President and Chief Executive Officer Datuk Aminar Rashid Salleh in a statement.

The company said its strong performance was also partly due to the strong demand for the Axia, which garned over 100,000 bookings since the public started making orders on Aug 15, 2014.

As of March 31, 2015, Perodua had delivered over 60,000 units of the Axia.

“We also believe that strong demand for cars in March was also due to consumers looking to register them before implementation of the Goods and Services Tax,” Aminar said.

Perodua’s after sales revenue rose by 14 per cent to RM84 million during Q1, from RM73 million in the same quarter 2014, mainly from vehicle maintenance services, lubricants, as well as, body and paint operations.

Meanwhile, revenue from parts and accessories grew two per cent to RM61.8 million in Q1 from RM61 million in the same period of 2014.

Perodua is cautiously optimistic of being able to achieve its sales target of 208,000 units for this year, on the back of continued strong demand for our models and other promotions.

“We also foresee Perodua meeting its revenue targets of RM306 million from vehicle maintenance services, lubricants and body and paint operations, as well as, RM258.9 million from the parts and accessories business,” Aminar said.

Last year, Perodua sold 195,600 vehicles and posted revenue of RM303.4 million for its after sales operations, as well as RM243.7 million for parts and accessories. – BERNAMA

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