UMW Toyota sets new sales record

Business times

UMW Toyota Motor Sdn Bhd has set a new sales record after selling 95,000 units of vehicles last week.

It is the best annual sales performance ever achieved by UMW Toyota Motor since 2005 when 92,000 units were sold, said managing director Kuah Kock Heng in Shah Alam yesterday.

“The sale of 95,000 units is above the original target of 94,000 units for this year,” he said, after the Toyota Classics 2008 cheque presentation ceremony.

He said the core models such the Vios, Hilux, Camry and Avanza had helped the company achieve the sales record.

Meanwhile, Kuah said the industry outlook for 2009 is very much dependent on the total industry volume (TIV) for this year.

“I think the numbers will be finalised in early January and currently we are still monitoring the market feedback from dealers. The market is still dynamic, so we have to await the result for this year to determine the 2009 TIV,” he said.

Kuah said the move by Bank Negara Malaysia to cut interest rates, reduce the Employee Provident Fund contribution and also increase loan amounts for civil servants would boost the industry further.

Earlier, the company donated a total of RM444,900 to three charity homes, Yayasan Raja Muda Selangor, Monfort Youth Centre and the Malaysian Leprosy Relief Association.

The funds were raised from ticket sales and corporate donations for its 2008 Toyota Classics concert.

The cheques were presented by the Deputy Minister of Women, Family and Community Development, Noriah Kasnon. — Bernama