Malaysian News Proton

Positive Signs For Proton

June 3, 2020, Subang Jaya – Proton Holdings Bhd, Malaysia’s second largest national carmaker, has managed to sell 5,676 units vehicles in May 2020 after the company restarted its operations under the Conditional Movement Control Order (CMCO).

The 5,676 units sold in May is an improvement of 73.2 percent compared to March 2020, However, the company sold 10,611 units in the same month a year ago, the difference of 45.6 percent is mainly due to the challenging market conditions arising from the Covid-19 pandemic.

Proton’s performance in May was supported by the Proton X70, Proton Saga, Proton Persona and Proton Exora. All of these models are the best-sellers in their respective market segments.

“The MCO and CMCO were an unprecedented event in Malaysia’s history and affected every aspect of the national economy. The automotive industry is now moving towards recovery but as expected, the first month has been a period of adjustment as we adapt to the ‘new normal’ regarding all aspects of our operations.

“Proton is thankful our sales have not contracted as much as expected and we also need to say thank you to our vendors who worked tirelessly to ensure we could regain our footing as quickly as possible. It will take a few more months to get an accurate reading of market conditions but we are quietly confident from this point onwards, we will see steady growth for the rest of the year,” said its chief executive officer Dr Li Chunrong in a statement.

For the month of June, Proton is offering the Proton X70 0 percent financing for the first year, subject to a set of terms and conditions. The company has also introduced a reward programme, Credit Shield Protection programme, for Malaysian frontliners, specifically nurses, doctors, members of police, army and the staff of the Ministry of Health and Ministry of Home Affairs, which started on June 10, 2020.

Credit Shield Protection programme offers eligible buyers of any Proton model free personal insurance coverage of up to RM50,000 for five years covering death, accidental death and permanent disability.

“The sacrifices of Malaysia’s Covid-19 frontliners can never be adequately compensated but we hope our gesture will help demonstrate our gratitude for the work they did. As for the financing package for the Proton X70, it will help to make Malaysia’s only premium SUV more affordable for more Malaysians and is now an even better ownership proposition thanks to the introduction of the N95 cabin filter,” Li said.

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