KUALA LUMPUR: The automotive segment’s sales by UMW Toyota Motor (UMWT) and Perodua is expected to drive UMW Holdings Bhd
’s earnings in the second half of this year.
UMW said its automotive market share is estimated at 52% in July, higher than 51.4% recorded in 2019.
The group noted that UMWT sold 7,509 units in July, which was 70% more than 4,417 units in June. Toyota Vios continued to be its best-selling model in July, contributing about 34% of total sales.
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