New car launches to drive Sime Darby Motors


SDM managing director of retail and distribution for Malaysia Jeffrey Gan (pic) is positive about achieving better sales this year compared with last year due to tthe new product launches.

KUALA LUMPUR: The retail and distribution arm of Sime Darby Motors (SDM) Bhd, aims for an 8% vehicle sales growth this year, driven by at least 10 new models launches across its brands, in line with the Malaysian Automotive Association estimates of vehicle sales growth.

SDM managing director of retail and distribution for Malaysia Jeffrey Gan (pic) is positive about achieving better sales this year compared with last year due to tthe new product launches.

“We are positive on sales this year because of the interesting products and new car models to be launched, which would create excitement in the market, ” he told press conference at the Sime Darby Motors City launch yesterday.

For the Sime Darby Motors City, the group has forked out RM570mil to build the largest automotive complex in South-East Asia, that deploys Internet of things for customers to shop for vehicles with enhanced customer experience, luxurious lounges and qualified technicians.

The facility sits on 8.6 acres and has almost 200 service bays and 700 customer parking and electric vehicle charging bays, as well as the capacity to display more than 180 vehicles. The digital infrastructure in the facility includes vehicle tracking management systems and automated number plate recognition.

It houses six flagship centres featuring 10 flagship brands represented by the group in Malaysia, namely BMW, Ford, Hyundai, Jaguar, Land Rover, MINI, Motorrad, Porsche, Volvo and Sime Darby Auto Selection. In Malaysia, SDM operates 29 dealerships representing the BMW, MINI, Hyundai, Ford, Jaguar, Land Rover, Porsche, Volvo, and Auto Selection brands.

Meanwhile, Gan said the group has been affected “to a certain extent” by the global trend of semiconductor supply shortage, noting that supply disruptions should normalise over the next few months.

“To a certain extent yes, we have limited stocks at the moment. However, after our communications with our principal brands, we are pretty confident that things will normalise in the next couple of months, ” Gan said.

He disclosed that the group would submit a request to the government to extend the vehicle sales tax exemption to boost the automotive industry.

The vehicle sales tax exemption has been extended until June 30 this year from Dec 31 last year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

   

Next In Business News

KLCI futures to trade higher next week
CPO futures to move higher next week
Biden rescinds Trump-era health insurance requirement for new immigrants
Venezuelan court seizes newspaper office in defamation case
FTC officials say 7-Eleven purchase of Speedway chain likely illegal despite closing
GLOBAL-LNG-Asian spot prices hit $10 on global supply disruptions
With superheroes and sci-fi, Disney+ outlook bright
Picasso oil painting sells for over US$100mil at New York auction
Oil prices jump as major US fuel pipeline restarts but COVID concerns cap gains
GLOBAL MARKETS-US and world stocks surge in recovery; dollar, bond yields dip

Stories You'll Enjoy


Vouchers