With the rechurning of the economic wheel in Malaysia, many industries are trying to get to grips with recovery after the 3-month movement order control (MCO). The automotive industy as a whole is backed by the Government’s sales tax relief, which led to the omission of new cars’ sales tax. This abolishment of sales tax will last until the end of 2020. On top of that, major car brands are offering big rebates to encourage people to purchase new cars. Would the big rebates and sales tax waiver work for Malaysians? This remains a big question mark for most people at this point in time. But, on the brighter note, there’s no better time to buy a new or used car, as deals are everywhere and prices drop by a lot…
National carmakers Proton has bounced back from the lockdown in style with their latest sales numbers. Of course the removal of sales tax and rebates, as well as affordable car prices aid in their impressive figures for June. As the overall TIV (total industry volume) shrunk, Proton continues to push the boundaries thanks to its affordable ranges and the well-received X70 SUV. Local car brands, including Perodua, are estimated to bring in 66.4 percent of the market share through 2020.
Proton X70 leads the charge in June
With 9,623 units sold in June, Proton posted its second best sales month. The top selling models for the month are the X70, Saga and Persona. The Saga, celebrating its 35th anniversary, is the driving force for Proton, in 70 months. The Saga sold 4,447 units in June, outperforming its previous single month record of 4,275 units in October 2019. Other contributors to Proton’s sales numbers include the Iriz and Exora.
The X70 retained its position as the best-selling SUV in the country with 1,909 units delivered in June, it is also the best-selling SUV overall for the first half of 2020. Meanwhile, the Proton Persona kept its position as the best-seller in the B-segment for a second consecutive month.
Through May, Proton’s current sales figures represent a 69.5% growth and a 26.3% increase over the same month in 2019. Proton managed to consolidate its market share ranking, thanks to the Saga’s outstanding sales numbers in nearly six years.
To date, Proton has a market share of 21.2%. The first half of the year showed a 6.5% increase against the same period last year. The overall volume gap versus 2019 has also shrunk to just 14.6%, a remarkable achievement that is nearly three times better than the best rival brand.
Proton predicts that the second half of the year will be a busy period, as more people are starting out to recover from the lockdown. Most would require an affordable and reliable car and Proton has several models just for them.