PROTON’s in-house automotive financier, Proton Commerce Sdn Bhd (PCSB) is expecting the Hire Purchase (HP) market for cars to continue to grow during the final quarter of 2020. A joint venture between Proton Edar Sdn Bhd and CIMB Bank Berhad, the company was incorporated in 2003 and offers loan packages at competitive rates for Proton car buyers with fast application and approval processes.
PROTON’s eagerly anticipated all-new model has rolled off the production line at Tanjung Malim, which saw a new RM1.2 billion extension in 2019. During the ceremony Dato’ Sri Syed Faisal Albar, Chairman of PROTON, also confirmed that in line with its bigger sibling the Proton X70, the B-segment SUV would be named the Proton X50 as the company expands its range of SUV offerings.
Malaysia’s best-selling SUV, the 2020 Proton X70, was launched in Brunei on Sunday 6 September. The country was the first export market for the Proton X70 and now is also the first export market for the upgraded Malaysian-made model from Tanjung Malim. As with its predecessor, the 2020 Proton X70 will be made available as three different variants (Standard, Executive and Premium X) and also be sold with a five-year unlimited mileage warranty.
Car sales in Malaysia continued their upward momentum in August as Total Industry Volume (TIV) breached the 50,000 unit barrier for the second month in a row. Despite a number of public holidays shortening the number of business days, strong consumer demand powered by tax free incentives meant most automotive brands posted strong sales numbers to make up for lost ground in 2020.
PROTON is appealing to owners of the Proton Perdana to bring their vehicles to authorised Proton service centres as soon as possible to have the Takata passenger airbag inflator replaced. Affected cars are those built from 2012 to the end of August 2018 and the service fix is part of a global initiative for cars equipped with Takata airbags.
Subang Jaya, 21 August: PROTON added a new name to its list of export countries when it shipped its first batch of cars to Kenya. Consisting of 30 units of the Proton Saga, the cars were shipped as CKD (Completely Knocked Down) kits and will be assembled by Simba Corporation (Simba), a diversified conglomerate with a long history of sales and assembly experience in the automotive industry.
Subang Jaya, 4 August 2020 – Malaysian car sales continued to rebound in July as a combination of tax free incentives and consumer demand pushed Total Industry Volume (TIV) to a 13 month high. PROTON has been a beneficiary of the increase in sales as Malaysian automotive brands once again dominated the market to account for an estimated 63.2% of sales this month.
Subang Jaya, 29 July - As Malaysia’s automotive industry starts its recovery from the coronavirus induced lock down, new buying patterns are emerging. One development has been the growth in used car sales, which according to the Malaysian Automotive Association (MAA) grew by 100% in the first six months of 2020.
Subang Jaya, 28 July 2020 – The Proton Saga Anniversary Edition, recently unveiled on 9 July to celebrate the 35th anniversary of the first national car, has struck a chord with car buyers. All 1,100 units were snapped up in just five days, proving the love affair Malaysians have with the national icon is still going strong.