Perodua 1Q22 up 6.4% due to improved supply management

Perodua posted a heathy growth in the first quarter of 2022 with 61,624 vehicles registered, marking an increase of 6.4% from 57,909 vehicles sold between January and March of 2021.

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

On a month-on-month comparison, Perodua registered 26,759 vehicles in March 2022, a 9.5% increase from 24,433 units sold in March 2021. While compared with February 2022, sales jumped 53.2% from 17,421 units registered a month before.

Perodua’s highest monthly sales achievement was recorded in October 2021 with 27,858 units registered.

“Moving forward, we foresee the second quarter of 2022 to be the highlight for the automotive industry as brands will deliver as many vehicles as they can within that three-month 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.”

“Based on these factors, we are maintaining our 247,000 sales target for this year,” Dato’ Zainal said.