KUALA LUMPUR, Aug 5 (Bernama) — Spearheaded by its Automotive segment following encouraging sales achieved by UMW Toyota Motor (UMWT) and its 38%-associate company Perodua in July, UMW Holdings Berhad is looking forward to an improved financial performance in the second half of 2020. The Group’s automotive market share is estimated at 52% in July, higher than the 51.4% registered in 2019. The improved sales in the month of July was mainly due to the sales tax exemption announced by the government on 5 June, effective from 15 June to 31 December 2020.
UMWT sold 7,509 units in July, its highest for the year, 70.0% more than the 4,417 units registered in June. Toyota Vios continues to be its best-selling model in July, contributing about 34% of its total sales. Earlier in June, UMWT introduced the all-new 5th generation Toyota RAV4, a fully-imported Sports Utility Vehicle (SUV) from Japan.
