Perodua sees sales increase thanks to scrappage

Malaysian carmaker Perodua has seen an increase in business thanks to the government scrappage scheme.

The manufacturer reported a 21.4 per cent year-on-year increase in new car registrations last month, representing its best September results in years.

In particular, the firm's Myvi vehicle model showed a significant sales improvement over last year, with the company selling around 90 per cent more units last month than in the corresponding period of 2008.

Perodua stated that it was in "no doubt" that its improved performance was in part attributable to the effects of the scrappage scheme, which was recently extended by the government.

The firm is the latest motor trade sector group to express satisfaction with the positive influence the initiative has had on a previously troubled market.

Earlier in the month, the Retail Motor Industry Federation described the success of the scheme as "hugely significant" and suggested that the industry would have suffered a "hammer blow" if it had ended early.