Perodua sales hit by new guidelines
KUALA LUMPUR:
Sales of Perodua vehicles fell 11 per cent year-on-year in March to 16,000
units largely due to the new hire purchase guidelines introduced by Bank Negara
Malaysia in January.
Perusahaan Otomobil Kedua Sdn Bhd sold about 18,000 vehicles in March last year.
Quarter-on-quarter comparison shows the national car company's sales eased 2.2 per cent to 44,700 vehicles for the first three months of this year from 45,700 vehicles registered in the first quarter of 2011.
"Based on the data we have compiled, the Viva is the worst hit with a 19 per cent drop in sales in the first quarter of this year to 13,000 units from 16,000 units registered in the first three months of 2011," Perodua managing director Datuk Aminar Rashid Salleh said in a statement yesterday.
Perusahaan Otomobil Kedua Sdn Bhd sold about 18,000 vehicles in March last year.
Quarter-on-quarter comparison shows the national car company's sales eased 2.2 per cent to 44,700 vehicles for the first three months of this year from 45,700 vehicles registered in the first quarter of 2011.
"Based on the data we have compiled, the Viva is the worst hit with a 19 per cent drop in sales in the first quarter of this year to 13,000 units from 16,000 units registered in the first three months of 2011," Perodua managing director Datuk Aminar Rashid Salleh said in a statement yesterday.
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He explained that
vehicle bookings are still healthy with 20,000 units booked in March alone. The
current loan approval rate by financial institutions was much lower than usual
due to the new guidelines, he said.
The new guidelines are also delaying loan approvals or approving a loan at a much reduced amount.
"Due to this delay, it takes an average of 20 days to know the outcome of a loan application instead of three days previously and this is having a huge impact not just on manufacturers but also on the entire automotive eco-system," he said. Loan rejection and delays in loan process have resulted in high inventory levels at Perodua's stockyards, which in turn have increased cost for independent dealers, he said.
Media reports quoted the Malaysian Automotive Association as saying that the total industry volume for the first quarter of 2012 shrank by 12.6 per cent to 138,544 vehicles from 158,432 in the same period last year.
The new guidelines are also delaying loan approvals or approving a loan at a much reduced amount.
"Due to this delay, it takes an average of 20 days to know the outcome of a loan application instead of three days previously and this is having a huge impact not just on manufacturers but also on the entire automotive eco-system," he said. Loan rejection and delays in loan process have resulted in high inventory levels at Perodua's stockyards, which in turn have increased cost for independent dealers, he said.
Media reports quoted the Malaysian Automotive Association as saying that the total industry volume for the first quarter of 2012 shrank by 12.6 per cent to 138,544 vehicles from 158,432 in the same period last year.
Source : New Straits
Times
Date : 19 April 2012
Today's Pick (20/04/12/070/764)
1 comment:
Honestly, if you want a cheap sedan, the Perodua Aruz is a good choice
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